Marcus & Millichap Sells Union City Multifamily For $4.8M With Brokers Alan Cafiero & Daniel Aviles
SOLD
$4,800,000
New Jersey
See Similar DealsMultiFamily
Sold 07/07/2022
SOLD
Marcus & Millichap Sells Union City Multifamily For $4.8M With Brokers Alan Cafiero & Daniel Aviles
510 45th Street, Union City, New Jersey 07087, United States
See Similar DealsMultiFamily
Sold 07/07/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 510 45th St. in Union City has been sold for a total of $4,800,000. The transaction took place on 07/07/2022. The property consists of 15 units, resulting in a per unit price of $320,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 15
- Price Per Unit: $320,000
- Address: 510 45th St.
- Market: Union City
The deal was facilitated by brokers Alan Cafiero and Daniel Aviles of Marcus & Millichap. They represented the parties involved in the transaction, ensuring a smooth and successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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