Updated Apr 13, 2026
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
Newark 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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93