1003 New York Ave - Apartments FOR SALE


Union City, NJ 07087
$899,900 USD
201-233-6044
1003 New York Ave, Union City, NJ for Sale
$899,900 USD
Apartments - FOR SALE
1/23
null | 6.11% Cap Rate

1003 New York Ave
Union City, NJ 07087


HIGHLIGHTS

  • Very Easy Commute to NYC
  • Long-Term Tenants
  • Boxed Units "Not Railroad"
  • Separate Heat and Hot Water

OVERVIEW

A great investment in the "West Hoboken" section of Union City!!! 6 Family home featuring one 1BR and five 2BR "Box Units", with separate heat and hot water. Located a block away from Palisade Ave and a 10-minute walk to the 9th st light rail station, this building is in a prime location for all NYC commuters!!! A great income producing building with a long-standing tenant base, A gross income of $90,286.92 and a net operating income of $54,972!!! This is a rare find in a very desirable locating, with upside potential!!!

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$277 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,983

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,425 SF

ZONING

C-N

APN/PARCEL ID

10-00048-0000-00002

ASK ABOUT THIS PROPERTY

Socrates PetrakosKeller Williams Team RealtyMore Info
201-233-6044

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Socrates PetrakosKeller Williams Team RealtyMore Info
201-233-6044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.