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3300 Palisade Ave & 210-214 33rd St 3300 Palisade Ave 7 Unit Apartment Building $1,983,000 ($283,286/Unit) 6.75% Cap Rate Union City, NJ 07087
Investment Highlights
- 7 units with 6.75% cap rate and 100% occupancy & collections
- Tenants pay for heat, hot water, cooking gas, & electric
- 10-15 minutes to NYC and minutes from Hoboken
- 3 commercial units and 4 residential units with 9-car parking lot
- 3-minute walk to bus stop with 10-minute trip to Midtown Manhattan
- Union City is the most densely populated city in the United States
Executive Summary
Broker Of Record
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Property Facts
| Price | $1,983,000 | Property Subtype | Apartment |
| Price Per Unit | $283,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.75% | Building Size | 11,550 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | RMF | ||
| Price | $1,983,000 |
| Price Per Unit | $283,286 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,550 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | RMF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00200-0000-00001 | Improvements Assessment | $148,200 |
| Land Assessment | $200,200 | Total Assessment | $348,400 |
Property Taxes
Parcel Number
10-00200-0000-00001
Land Assessment
$200,200
Improvements Assessment
$148,200
Total Assessment
$348,400
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3300 Palisade Ave & 210-214 33rd St | 3300 Palisade Ave
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