Five10 at 510 45th St. in Union City — Courtesy: Marcus & Millichap
By Joshua Burd
A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.
Daniel Aviles, an investment specialist in the firm’s New Jersey office, represented an undisclosed client in the transaction at 510 45th St., the site of what’s known as Five10. Alan Cafiero and Aviles represented the private buyer in the $4.8 million sale.
Located in northern Hudson County, Five10 is minutes from both the Lincoln Tunnel and the New Jersey Turnpike, while it’s within walking distance of Hudson-Bergen Light Rail service.