Updated Oct 25, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 7
- Price per Unit: $164,286
- Square Feet: 6,000
- Price per Square Foot: $192
- Sellers: Eric Panecki & David Choi
- Brokers: Chris Cervelli & Gary Baez - Cervelli Real Estate & Property Management
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
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