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.
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Neighborhoods: Hudson County/ Agents: Alexander McGee