4701-4705 Park Ave - Apartments FOR SALE


Union City, NJ 07087
$2,900,000 USD
201-424-6213
4701-4705 Park Ave, Union City, NJ for Sale
$2,900,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

4701-4705 Park Ave
Union City, NJ 07087


HIGHLIGHTS

  • 4701-4705 Park Avenue presents two adjacent buildings with 10 renovated residential units and one commercial space.
  • The 10 residential units are one-bedroom/ one-bath layouts.
  • The buildings' location is well-served by the Hudson-Bergen Light Rail stops, the Long Island Rail Road, and NJ Transit routes.
  • Union City, NJ, is one of America's most densely populated cities and is known as "Havana on the Hudson River".

OVERVIEW

Welcome to 4701-05 Park Avenue, two adjacent buildings with 10 renovated residential units and one commercial space. 4701-4705 Park Avenue is in a prime Union City location. These buildings are on a high-traffic, visible corner of the reputable Park Avenue, bordering Weehawken. The units are fully occupied, and there is potential for rental rate increases. This is a commuter’s dream with easy access to all major highways, bus routes, and New York City transportation at your doorstep. Inquire today for more information on this investment opportunity. The income and expense report is available upon request.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

10

PRICE/UNIT

$290,000

CAP RATE

Request Cap Rate

% 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

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R

APN/PARCEL ID

10-00279-0000-00003,10-00279-0000-00004

ASK ABOUT THIS PROPERTY

Danoly MathelierCompass New JerseyMore Info
201-424-6213

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Danoly MathelierCompass New JerseyMore Info
201-424-6213

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