Multifamily Property At 6700 Park Avenue Sold For $3.93M In West New York
SOLD
$3,925,000
New Jersey
See Similar DealsMultiFamily15,900 SF
Sold 09/08/2025
SOLD
Multifamily Property At 6700 Park Avenue Sold For $3.93M In West New York
6700 Park Avenue
See Similar DealsMultiFamily15,900 SF
Sold 09/08/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:15,900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$209,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03
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