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614 Kennedy Blvd
Union City, NJ 07087
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Excellent location
- Situated on sought after Kennedy Blvd w Bus to NYC at corner
- Prime Union City location
Property Facts
| No. Units | 6 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 4,350 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1910/1957 |
| Zoning | R - Residential | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/1957 |
| Zoning | R - Residential |
About 614 KENNEDY BLVD , UNION CITY, NJ 07087
Multi family six units Building has three floors with two apartments per floor All units are two bedrooms Condo application has been filed. Can be delivered as multifamily or condo converted. Clean Rail Road apartments with long term stable tenants. Income: Unit # 1L $1011 Unit # 1R $1011 Unit #2L $1165 Unit #2R $1050 Unit # 3L $891 Unit # 3R $728 Total Monthly $5856 Expenses: Taxes $11632 Insurance $3500 Water & Sewer $2900 PS&G $4500 Maintenance: $1405 Management: $2108 Total Expenses: $26045 NOI: $41,416 6% Cap Rate
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 10-00031-0000-00013 | Improvements Assessment | $1,026,000 |
| Land Assessment | $360,000 | Total Assessment | $1,386,000 |
Property Taxes
Parcel Number
10-00031-0000-00013
Land Assessment
$360,000
Improvements Assessment
$1,026,000
Total Assessment
$1,386,000
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