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6423 Hudson Avenue

Eric Panecki And David Choi Sell Multifamily Property For $1.15M With Brokers Chris Cervelli And Gary Baez
SOLDMultiFamily

Eric Panecki And David Choi Sell Multifamily Property For $1.15M With Brokers Chris Cervelli And Gary Baez

6423 Hudson Avenue

$1,150,000

$242/SF

Building Size

4,752 SF

Asset Type

MultiFamily

Closing

Mar 3, 2023

AI

The multifamily property located at 6423 Hudson Avenue in West New York has been sold for a price of $1,150,000. The property consists of 7 units, with a price per unit of $164,286. It spans across 6,000 square feet, resulting in a price per square foot of $192.

Summary of transaction details:

The deal was facilitated by the brokers Chris Cervelli and Gary Baez from Cervelli Real Estate & Property Management. They represented the sellers Eric Panecki and David Choi in the transaction.

Players

Chris Cervelli

Cervelli Real Estate & Property Management

Broker

$8.1M

vol

5 deals

Broker

David Choi

Seller

$20M

vol

6 deals

Seller

Market 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93