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1506 Summit Ave
Union City, NJ 07087
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Positioned in a high-density residential neighborhood with excellent walking access (Walk Score 94) and proximity to key commuter routes.
- Approximately 11.7 miles to Newark Liberty International Airport and within short driving distance to LaGuardia and JFK airports.
- Located within a market area with strong housing demand and steady property value trends, presenting significant long-term investment appeal.
- Offers convenient public transit connectivity, located near PATH stations at Journal Square and Hoboken, providing direct access to Manhattan.
- Surrounded by an established community infrastructure including nearby schools, banks, grocery stores, and retail services.
- Situated in Hudson County’s North Hudson submarket, benefiting from close proximity to major urban centers, including Jersey City and Manhattan.
Executive Summary
LEGAL 4 FAM! LOW TAXES $10,763. Text Giselle Ortega 786-720-6237 for showing. All utilities separate except the water. Tenants pay their own PSEG. Need 24h notice for showings Rent Control Building. Tenants are month to month. See Income & Expenses with potential rents in Docs
Property Facts
| Price Per Unit | $233,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.20% | Lot Size | 0.05 AC |
| No. Units | 3 | Building Size | 2,098 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1913 |
| Zoning | R - Residential | ||
| Price Per Unit | $233,000 |
| Sale Type | Investment |
| Cap Rate | 3.20% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,098 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Zoning | R - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
Property Taxes
| Parcel Number | 10-00079-0000-00018 | Improvements Assessment | $319,600 |
| Land Assessment | $241,000 | Total Assessment | $560,600 |
Property Taxes
Parcel Number
10-00079-0000-00018
Land Assessment
$241,000
Improvements Assessment
$319,600
Total Assessment
$560,600
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