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1701 New York Ave Union City, NJ 07087

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For Sale
Contract
$1,200,000

Eight-unit apartment building in Union City, New Jersey for sale.

Property Features for 1701 New York Ave

General Information

Standard status
Contract

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Listing Contact
Everth Maradiaga
Source: Corcoran

Listing Agency: EREALTY Listing Agent: Everth Maradiaga

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

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Apartment buildings

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Location Insight

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City
Union City
County
Hudson
State
New Jersey
Longitude
-74.0342886
Latitude
40.7626702

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.
More about this property
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