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510 45th Street, Union City...

Marcus & Millichap Sells Union City Multifamily For $4.8M With Brokers Alan Cafiero & Daniel Aviles
SOLDMultiFamily

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

$4,800,000

Building Size

Asset Type

MultiFamily

Closing

Jul 6, 2022

AI

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.

Players

Daniel Aviles

Providence Real Estate Advisors

Broker

$48.3M

vol

10 deals

Broker

Union City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93