Union City Multifamily
117 34th St, Union City, NJ 07087
For Sale
Contact for pricing
Multifamily property in Union City, Hudson County, New Jersey.
Property Size4,500 SF
Price / SF$266.67
Days on Market283
Property Features for 117 34th St
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Building Details
Year Built
Stories
Units
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Devin Perez · License NJ #1004553
(201) 742-6154
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 8 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - New Jersey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located at 117 34th St in Union City, Hudson County, New Jersey. The property encompasses a total area of 4,500 square feet. It is suitable for use as an apartment building or residential income property.
Key Highlights
- Located in Union City, Hudson County, New Jersey.
- Property is exclusively presented by Marcus & Millichap.
- Address is 117 34th St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,201
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,020
$1.4M
Cap Rate 7%
$988,586
$988.6K
Cap Rate 9%
$768,900
$768.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$135.0K $30.00/SF
− Vacancy
−$9.2K −$2.04/SF
EGI
$125.8K $27.96/SF
− OpEx
−$56.6K −$12.58/SF
NOI
$69.2K $15.38/SF
Area
Hudson County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,020
Cap Rate 7%
$988,586
Cap Rate 9%
$768,900
Alternative Uses
Best Use
Apartment 5plus
$988.6K
$865.0K – $1.15M
NOI $69,201 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,065 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,909
Businesses Nearby
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Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Union City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Union City, Hudson County, New Jersey.
Where is this apartment building located?
The property is located at 117 34th St Union City, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Located in Union City, Hudson County, New Jersey.; Property is exclusively presented by Marcus & Millichap.; Address is 117 34th St.
