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4010, 4110, & 4120 New York Ave, Union City, 4110-4120 New York Ave 13 Unit Apartment Building $1,750,000 ($134,615/Unit) 7.29% Cap Rate Union City, NJ 07087
Investment Highlights
- Brick buildings with strong unit mix of one-, two-, and three-bedrooms
- 2-minute walk to Bergenline Ave bus stop — 25-min ride to Midtown
- 7.29% cap rate | $135K price per unit | $1,750,000 offering price
- Less than 30-minute commute to Midtown Manhattan
- Separately Metered. Tenants pay for heat, hot water, cooking gas & electric Landlord pays for water/sewer & common area electric.
- Value-add opportunity across 13 units in 3 buildings + Parking
Executive Summary
Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $1,750,000 | Property Subtype | Apartment |
| Price Per Unit | $134,615 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.29% | Building Size | 9,950 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | N/Av | ||
| Price | $1,750,000 |
| Price Per Unit | $134,615 |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 9,950 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | N/Av |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00241-0000-00016 | Improvements Assessment | $384,000 |
| Land Assessment | $455,000 | Total Assessment | $839,000 |
Property Taxes
Parcel Number
10-00241-0000-00016
Land Assessment
$455,000
Improvements Assessment
$384,000
Total Assessment
$839,000
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Videos
Matterport 3D Exterior
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Photos
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4010, 4110, & 4120 New York Ave, Union City, | 4110-4120 New York Ave
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