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Levi Rezai, Francesco Mazzaferro & Robert Harris Facilitate $1.26M Union City Multifamily Sale
SOLD
$1,260,000
New Jersey
See Similar DealsMultiFamily
Sold 04/16/2024
SOLD
Levi Rezai, Francesco Mazzaferro & Robert Harris Facilitate $1.26M Union City Multifamily Sale
912 Palisade Avenue
See Similar DealsMultiFamily
Sold 04/16/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
Located in Union City at 912 Palisade Avenue, a multifamily asset was recently sold for $1,260,000. The buyer, Levi Rezai of Prominent Properties Sotheby's International Realty, acquired the property with representation from the seller's representatives, Francesco Mazzaferro and Robert Harris of Christie's International Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Address: 912 Palisade Avenue
- Market: Union City
- Buyer's Rep: Levi Rezai - Prominent Properties Sotheby's International Realty
- Seller's Rep: Francesco Mazzaferro & Robert Harris - Christie's International Real Estate
The transaction of this multifamily asset involved Levi Rezai representing the buyer in the deal, with the seller being represented by Francesco Mazzaferro and Robert Harris. This sale showcases the collaboration between different real estate professionals in facilitating property transactions in Union City.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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