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
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