1513 Summit Ave, Union City, NJ 07087
Multifamily property featuring 22 units, including 4 renovated units.
- Added:
- Jan 30, 2026
- Days on Market:
- 150
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1513 Summit Ave
General Information
- Standard status
- Active
- Size
- 14,700 SF
- Property subtype
- Multifamily
Listing office Matthews
Listing date Jan 30, 2026
Source Crexi
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 Matthews
HighLights
- 4 Gut Renovated Units offer modern living.
- 22 Units in total, presenting a substantial investment opportunity.
- Brick Building providing classic appeal.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $441.0k | $30.00 |
| − Vacancy | −$30.0k | −$2.04 |
| EGI | $411.0k | $27.96 |
| − OpEx | −$185.0k | −$12.58 |
| NOI | $226.1k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0401077
- Latitude
- 40.7638168
