SOLDMultiFamily
Multifamily Property At 6700 Park Avenue Sold For $3.93M In West New York
6700 Park Avenue
$3,925,000
$246/SF
Building Size
15,900 SF
Asset Type
MultiFamily
Closing
Sep 8, 2025
AI
This multifamily property located at 6700 Park Avenue in the West New York market has a sale price of $3,925,000. The asset comprises 19 units, resulting in a price per unit of $206,578.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,925,000
- Units: 19
- Price Per Unit: $206,578
- Date of Sale: 09/08/2025
- Broker: David Ferber - Matthews
David Ferber represented the transaction for the broker agency Matthews, facilitating the deal involving this multifamily asset in a robust market setting.
Players
Matthews Brokerage
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93