1701 New York Ave Union City, NJ 07087
Eight-unit apartment building in Union City, New Jersey for sale.
Property Features for 1701 New York Ave
General Information
- Standard status
- Contract
Source:
Corcoran
Listing Agency: EREALTY Listing Agent: Everth Maradiaga
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Union City Multifamily Investment Opportunity
This is an eight-unit apartment building investment opportunity. The solid brick building has four levels plus a full, unfinished basement. There are a total of eight apartments. Six units consist of a living room, kitchen, two bedrooms, and one full bath. The seventh unit includes a living room, kitchen, one bedroom, and one full bath. The eighth unit features a living room, kitchen/dining area, and three bedrooms, central air, one bath and one parking space in the rear. The full, unfinished basement includes a washer and dryer for apartment 1. The building has separate water heaters, gas, and electric. The gross income is $141,972, with operating expenses of $66,521, resulting in a net operating income of $75,451. The property includes one parking space.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0342886
- Latitude
- 40.7626702
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment building in Union City, New Jersey for sale.
Where is this apartment building located?
The property is located at 1701 New York Ave 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: - High Net Operating Income (NOI) of $75,451 indicates strong profitability.; - Gross annual income of $141,972.; - Eight-unit apartment building offers substantial rental income potential.
