2705 Summit Avenue, Union City, NJ 07087
Residential income property available for sale in Union City, suitable for investors seeking a multifamily asset.
- Added:
- Jun 2, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 6 at 4:48 am
Property Features for 2705 Summit Avenue
General Information
- Standard status
- Active
- Size
- 11,200 SF
- Property subtype
- Multifamily
Listing agent David Ferber License #1974915
Listing office Matthews
Listing date Jun 2, 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
- Multifamily income property for sale in Union City
- Listed with a 7.25% cap rate
Overview
The building is located at 2705 Summit Avenue in Union City (07087). As a Union City multifamily asset, it is positioned for buyers looking to own residential income real estate within the local housing market.
For investors and owner-operators, a multifamily apartment building can provide a straightforward platform for managing rental housing as part of a portfolio. This listing is best suited for buyers specifically seeking a multifamily residential income property and those who want to evaluate the asset’s income-producing characteristics based on their own underwriting and due diligence.
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 | $336.0k | $30.00 |
| − Vacancy | −$22.8k | −$2.04 |
| EGI | $313.2k | $27.96 |
| − OpEx | −$140.9k | −$12.58 |
| NOI | $172.2k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.034735
- Latitude
- 40.771088
