The Reel

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A blog for breaking sales and neighborhood real estate news.

Two multifamily buildings, located at 1000 West and 522 10th Streets in Union City, New Jersey, were sold in an all-cash transaction valued at $2,120,000. The adjacent buildings combine for approximately 16,698 square feet, with 12 residential units consisting of one-bedroom and two-bedroom apartments.

Built in 2010, 1000 West Street is a four-story, elevator-serviced brick building containing nine residential units.  Additionally, it holds 13 covered parking spaces on the first floor. 522 10th Street is an adjacent three-family building. The sale price equates to approximately $127 per square foot and $176,667 per unit.

“We were able to identify the perfect buyer for our client due to our extensive marketing process,” said Cushman & Wakefield’s Fahri Ozturk, who exclusively represented the seller in this transaction with Alexander McGee.  The buyer was represented by Miriam Lebovitz of Dwell Realty.

Click here for press release

Neighborhoods: Hudson County/ Agents: Alexander McGee