Updated Sep 9, 2024
Fahri Ozturk, Richard Gatto & David Ferber Acquire Multifamily Property In Union City, NJ For $2.6M
725 18th Street, Union City, NJ 07087, USA
$2,600,000
$522/SF
Building Size
4,975 SF
Asset Type
MultiFamily
Closing
Jun 23, 2020
About this deal
AI
A multifamily property located at 725 18th Street in Union City, NJ was recently sold. Fahri Ozturk, Richard Gatto, and David Ferber, CPA were the brokers involved in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,600,000
- Number of Units: 26
- Price Per Unit: $100,000
- CAP Rate: 5.14%
The property includes 26 units and was sold for $2,600,000 with a price per unit of $100,000. The CAP rate for this sale is 5.14%. The brokers Fahri Ozturk, Richard Gatto, and David Ferber, CPA facilitated the transaction.
Players
Union City 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93