512 Monastery Plz - Apartments FOR SALE


Union City, NJ 07087
$1,999,995 USD
201-476-0777
512 Monastery Plz, Union City, NJ for Sale
$1,999,995 USD
Apartments - FOR SALE
1/31
null | 6.27% Cap Rate

512 Monastery Plz
Union City, NJ 07087


HIGHLIGHTS

  • Turn-key, 4-family
  • Rare Investment Opportunity
  • Minutes from Midtown
  • Ultra-high Rental Income

OVERVIEW

Rare Investment Opportunity in the Heart of Union City! A truly unique opportunity to own a turn-key, 4-family property just minutes from Midtown Manhattan. Ultra-high rental income due to new development which enabled removal of rent control. This exceptional offering includes two separate structures—a front 2-family home and a rear 2-family home—connected by a charming shared courtyard. Unit 1 offers 1st floor and finished basement. It is fully updated with 3 bedrooms and 2 bathrooms. Unit 2 offers 3 bedrooms and 1 bathroom and is also fully updated. Unit 3 which is part of the rear home, offers 3 bedrooms and 2 bathrooms. Unit 4 offers 2 bedrooms and and 2 bathrooms with a huge private deck. Unit 3 and 4 are brand new renovations. Each unit has separate utilities, laundry in unit, and leases are on file. The property is ideally located just steps from NYC transportation, and near vibrant nightlife, top restaurants, cozy coffee shops, shopping, places of worship, and easy access to Hoboken & Weehawken. Don’t miss out on this rare opportunity—schedule a showing today!

FOR SALE DETAILS

PRICE

$1,999,995 USD

PRICE/SF

$936 USD /SF

# OF UNITS

4

PRICE/UNIT

$499,999

CAP RATE

6.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RM

APN/PARCEL ID

10-00109-0000-00036

ASK ABOUT THIS PROPERTY

Taylor LucykLucyk - The StevenMore Info
201-476-0777

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Taylor LucykLucyk - The StevenMore Info
201-476-0777

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