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Keller Williams Acquires Union City Multifamily For $4.3M

703A-707 28th Street
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This MultiFamily property located in NJ was sold for $4,300,000 almost 2 years ago. The brokers of the deal were Emine Simsek and Gershon Adjaye

A newly constructed multifamily property located at 703A-707 28th St in Union City has been sold in a closed transaction. The property, completed in November 2021, is fully stabilized and was sold 100% occupied with free market rents. The transaction was an all-cash sale.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Sale Date: 04/13/2022
  • Address: 703A-707 28th St, Union City
  • Market: Union City
  • Asking Price: $4,695,000
  • Sale Price: $4,300,000
  • Units: 9
  • Price Per Unit (PPU): $477,778
  • Square Footage (SF): 22,404
  • Price Per Square Foot (PPSF): $191

In this transaction, Emine Simsek from Keller Williams West Monmouth represented the buyer, while Gershon Adjaye from Keller Williams Team Realty represented the seller.

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Deals
  • Location
    703a A-707 28th St, Union City, New Jersey 07087, United States703a A-707 28th St, Union City, New Jersey 07087, United States
  • Sale Price
    $4,300,000$4,300,000
    $21 PPSF$21 PPSF
  • Area
    202,400 SF202,400 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Gershon Adjaye

Gershon Adjaye

Deals19
Sold$29.1M

Agency

Keller Williams

Keller Williams

Agency
Deals1208
Volume$6B

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Deal Summary

SALE IMAGE: Gershon Adjaye DATE: 04/13/2022 ADDRESS: 703A-707 28th St MARKET: Union City ASSET TYPE: Multifamily BUYER'S REP: Emine Simsek - Keller Williams West Monmouth SELLER'S REP: Gershon Adjaye (@GershGroup) - Keller Williams Team Realty ASKING PRICE: $4,695,000 SALE PRICE: $4,300,000 UNITS: 9 ~ PPU: $477,778 SF: 22,404 ~ PPSF: $191 NOTE FROM BROKER: New construction building completed Nov 2021, fully stabilized, & then sold 100% occupied. Free market rents. All cash sale.

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703A-707 28th Street

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