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200 Bergenline Ave 5 Unit Apartment Building $980,000 ($196,000/Unit) 7.88% Cap Rate Union City, NJ 07087



Executive Summary
Century 21 Preferred Realty has been exclusively retained to market 200 Bergenline Avenue, Union City, New Jersey, a boutique five-unit multifamily investment property located in the highly desirable West Hoboken section of Union City.
The building consists of one two-bedroom unit, three one-bedroom units, and one studio apartment, offering a balanced unit mix attractive to investors seeking stable rental demand in a strong Hudson County market.
The property is ideally positioned directly across from Washington Square Park, which borders Union City and Jersey City Heights, providing open green space and enhanced neighborhood appeal. Several units offer partial views of the New York City skyline and the World Trade Center.
Transportation access is excellent, with a NJ Transit bus stop located directly across from the building, providing convenient service to Manhattan. Additional connectivity is available via the Congress Street elevator to the PATH system in Jersey City Heights.
Of the five units, three apartments have been fully remodeled, while the two-bedroom unit has recently undergone a bathroom renovation, presenting investors with a property that has already benefited from capital improvements while still offering potential for continued value growth.
This property represents a compelling opportunity to acquire a well-located, boutique multifamily building in one of Hudson County’s most accessible and consistently in-demand rental markets.
The building consists of one two-bedroom unit, three one-bedroom units, and one studio apartment, offering a balanced unit mix attractive to investors seeking stable rental demand in a strong Hudson County market.
The property is ideally positioned directly across from Washington Square Park, which borders Union City and Jersey City Heights, providing open green space and enhanced neighborhood appeal. Several units offer partial views of the New York City skyline and the World Trade Center.
Transportation access is excellent, with a NJ Transit bus stop located directly across from the building, providing convenient service to Manhattan. Additional connectivity is available via the Congress Street elevator to the PATH system in Jersey City Heights.
Of the five units, three apartments have been fully remodeled, while the two-bedroom unit has recently undergone a bathroom renovation, presenting investors with a property that has already benefited from capital improvements while still offering potential for continued value growth.
This property represents a compelling opportunity to acquire a well-located, boutique multifamily building in one of Hudson County’s most accessible and consistently in-demand rental markets.
Property Facts
| Price | $980,000 | Building Class | C |
| Price Per Unit | $196,000 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Cap Rate | 7.88% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R - Residential | ||
| Price | $980,000 |
| Price Per Unit | $196,000 |
| Sale Type | Investment |
| Cap Rate | 7.88% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1908 |
| Parking Ratio | 0.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00008-0000-00025 | Improvements Assessment | $326,500 |
| Land Assessment | $325,000 | Total Assessment | $651,500 |
Property Taxes
Parcel Number
10-00008-0000-00025
Land Assessment
$325,000
Improvements Assessment
$326,500
Total Assessment
$651,500
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200 Bergenline Ave
