Four-Unit
New
For Sale
$985,000
2419 WEST ST, Union City, NJ 07087
Two apartments will be vacant upon delivery, and the property has a private backyard.
Property Size2,050 SF
Price / SF$480.49
Days on Market4
Property Features for 2419 WEST ST
General Information
Standard status
Active
Size
2,050 SF
Total Parking Spaces
1
Property subtype
4 Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
private backyard
Listing Agency:
SERHANT NEW JERSEY LLC
Listed By:
NICO ARONSON
(973) 315-5959
Source:
Lenasimpson
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 11:28PM
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 SERHANT NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This four-apartment property contains four one-bedroom, one-bathroom units across approximately 2,050 square feet. Two apartments will be vacant upon delivery. The site also includes a private backyard and one on-site parking space.
The property is near Bergenline Avenue, Jersey City Heights, and Hoboken, with access to the Hudson-Bergen Light Rail, NJ Transit bus routes, and the Lincoln and Holland Tunnels.
The property is near Bergenline Avenue, Jersey City Heights, and Hoboken, with access to the Hudson-Bergen Light Rail, NJ Transit bus routes, and the Lincoln and Holland Tunnels.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- Approximately 2,050 square feet of building space
- Two units will be vacant upon delivery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,309
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,180
$686.2K
Cap Rate 7%
$490,129
$490.1K
Cap Rate 9%
$381,211
$381.2K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$52.4K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.0K $23.91/SF
− OpEx
−$14.7K −$7.17/SF
NOI
$34.3K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,180
Cap Rate 7%
$490,129
Cap Rate 9%
$381,211
Alternative Uses
Best Use
Multifamily LT 5
$490.1K
$428.9K – $571.8K
NOI $34,309 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$450.4K
$394.1K – $525.4K
NOI $31,525 @ 7.0% cap · market cap 3.20%
Theoretical Best
Warehouse
$742.3K
$649.5K – $866.1K
NOI $51,963 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,684
Businesses Nearby
Explore this area
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two apartments will be vacant upon delivery, and the property has a private backyard.
Where is this quadplex located?
The property is located at 2419 WEST ST Union City, NJ.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; Approximately 2,050 square feet of building space; Two units will be vacant upon delivery
