Levi Rezai, Francesco Mazzaferro & Robert Harris Facilitate $1.26M Union City Multifamily Sale
912 Palisade Avenue
$1,260,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 16, 2024
AI
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.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93