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    514 Monastery Pl Union City, NJ 07087

    For Sale
    $899,000

    Investment - Union City, NJ

    Days on Market:
    10
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 514 Monastery Pl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    Liberty Realty (201) 396-8447 [email protected]

    Listing agent JOSEPH COVELLO (201) 396-8447 License #8534669

    Listing date Dec 5, 2025

    MLS# 250014382 Listing URL

    Copyright © 2025 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Union City Mixed-Use Investment

    This mixed-use investment property features three residential apartments and one commercial space. The commercial space is currently operating as a recording studio on a month-to-month lease. The recording studio business and equipment are also available for sale. The three apartments are occupied and also on month-to-month leases. The two-story building provides over 4,000 sq ft of usable space across two floors. The property is located a few blocks from Weehawken & Union City Reservoir Park and NYC bus routes, with restaurants and shopping near Bergenline Ave and a short ride to Hoboken.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kaleidoscope Sound Recording Studio

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0347599
    Latitude
    40.7655004

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and commercial space for sale.
    Where is this mixed-use property located?
    The property is located at 514 Monastery Pl Union City, NJ.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Mixed-use investment property with residential and commercial income streams.; - Operating commercial recording studio with potential business acquisition opportunity.; - Three occupied residential apartments providing immediate rental income.
    (201) 396-8447
    Request Owner's contact information
    514 Monastery Pl Union City, NJ 07087
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    Union City, NJ 07087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Monastery Pl Union City, NJ 07087
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