Danny Tommasino Acquires 7-Unit Multifamily Property In Union City, NJ For $1.65M
601 Bergenline Avenue
$1,650,000
$288/SF
Building Size
5,719 SF
Asset Type
MultiFamily
Closing
Nov 1, 2022
AI
The multifamily property located at 601-603 Bergenline Avenue in Union City, NJ has been sold in a recent transaction. The property consists of 7 units and has a total square footage of 5,719. The sale price for this transaction was $1,650,000, resulting in a price per unit of $235,714 and a price per square foot of $289.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 7
- Price per Unit: $235,714
- Square Footage: 5,719
- Price per Square Foot: $289
In this transaction, the buyer was Danny Tommasino and the seller was Steve Bensadigh. The broker representing both parties in the deal was Zachary Fuchs from GFI Realty Services.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93