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39 South 7th Street

Updated Apr 13, 2026

Dario Tamarima Purchases 39 South 7th Street Multifamily From Luis A. Quintana And Joseph A McCallum For $1.11M
SOLDMultiFamily

Dario Tamarima Purchases 39 South 7th Street Multifamily From Luis A. Quintana And Joseph A McCallum For $1.11M

39 South 7th Street

$1,110,000

$238/SF

Building Size

4,656 SF

Asset Type

MultiFamily

Closing

Mar 16, 2026

About this deal

AI

39 South 7th Street is a multifamily property in Newark with a sale price of $1,110,000. It consists of 3 units and encompasses a total square footage of 4,656, resulting in a price per unit of $370,000 and a price per square foot of $238.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,110,000
  • Units: 3
  • Square Footage: 4,656
  • Price per Unit: $370,000
  • Price per Square Foot: $238
  • Buyer: Dario Tamarima
  • Seller: Luis A. Quintana & Joseph A McCallum
  • Buyer's Representative: Cristian Avila & Ángela Calderon - The Avila Property Group
  • Date of Sale: 03/17/2026
  • Market: Newark

NOTE FROM BUYER'S REP: Record-Breaking Sale in Newark, NJ. This transaction is noted as the highest-priced three-family new construction sale in Newark year-to-date, highlighting the ongoing growth within the Newark real estate market and the commitment of The Avila Property Group to excellence and strategic marketing in real estate transactions.

Players

Cristian Avila

The Avila Property Group

Broker

$1.1M

vol

1 deal

Broker

Newark MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $238 per square foot on a published $1.1M for 4,656 square feet (2026).

Visit The Avila Property Group to view all their deals.

Browse Newark multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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