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Fahri Ozturk, Richard Gatto & David Ferber Acquire Multifamily Property In Union City, NJ For $2.6M

725 18th Street
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This MultiFamily property located in NJ was sold for $2,600,000 almost 4 years ago. The brokers of the deal were David Ferber, Fahri Ozturk, and Richard Gatto

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.

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Deals
  • Location
    725 18th Street, Union City, NJ 07087, USA725 18th Street, Union City, NJ 07087, USA
  • Sale Price
    $2,600,000$2,600,000
    $522 PPSF$522 PPSF
  • Area
    4,975 SF4,975 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

David Ferber

David Ferber

Deals13
Sold$75.8M

Richard Gatto

Richard Gatto

Deals36
Sold$933.1M

Fahri Ozturk

Fahri Ozturk

Deals36
Sold$933.1M

Agencies

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Fahri Ozturk, Richard Gatto & David Ferber, CPA DATE: 06/23/2021 ADDRESS: 725 18th Street MARKET: Union City, NJ ASSET TYPE: Multifamily BROKERS: Fahri Ozturk, Richard Gatto & David Ferber, CPA - (@OzturkGattoGroup) SALE PRICE: $2,600,000 UNITS: 26 ~ PPU: $100,000 CAP: 5.14%

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725 18th Street

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