Updated Aug 21, 2026
Lucy Sourek Acquires MultiFamily Property At 6406 Dewey Avenue From Rich Alashan For $4,075,000
6406 Dewey Avenue
$4,075,000
$217/SF
Building Size
18,750 SF
Asset Type
MultiFamily
Closing
May 20, 2016
About this deal
AI
This transaction involves a multi-family asset located at 6406 Dewey Avenue in West New York. The property has a total square footage of 18,750. The sale price was set at $4,075,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,075,000.00
- Address: 6406 Dewey Avenue
- Market: West New York
- Square Footage: 18750.0
- Buyer: Lucy Sourek
- Seller: Rich Alashan
- Broker: Steven Matovski - Redwood Realty Advisors
Key individuals involved in this transaction include the buyer, Lucy Sourek, and the seller, Rich Alashan, with Steven Matovski representing the seller in the deal through Redwood Realty Advisors.
Players
West New York 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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93