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Union City Multifamily Portolio 3 Properties Offered at $1,850,000 in Union City, NJ
Investment Highlights
- Multi-family investment in high density NYC suburb.
- Stable long term tenants.
- 28 minute bus into NYC.
- Large backyards
Executive Summary
FOR SALE with price drop: Now $1,875,000. 3-building, multifamily rental portfolio. 8 residential units + 3 office in all. 2 of the 3 office units are vacant and not contributing to current CAP rate. Proforma CAP = 10.2. Only 4 of the 11 units are rent controlled.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $1,850,000 | Status | Active |
| Price / SF | $278.20 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 10% | Total Building Size | 6,650 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.18 AC |
| Price | $1,850,000 |
| Price / SF | $278.20 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 10% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 6,650 SF |
| Total Land Area | 0.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 513 Summit Ave, Union City, NJ 07087 | Multifamily | 3,056 SF | 1900 | - |
| 511 Summit Ave, Union City, NJ 07087 | Multifamily | 2,594 SF | 1900 | - |
| 515 Summit Ave, Union City, NJ 07087 | Office | 1,000 SF | 1900 | - |
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Union City Multifamily Portolio
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