10-Unit Apartment
412 MONASTERY PL, Union City, NJ 07087
For Sale
New
$1,279,000
All apartments are occupied, with a separate water meter serving each unit.
Property SizeContact for details
Days on Market5
Property Features for 412 MONASTERY PL
General Information
Standard status
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Gross Income
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Listed By:
TAREK HASSIEB · License #1648869
(201) 420-7393
Source:
Serhant
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 7:57AM
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 PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
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Investment Insights
Based on property information with market context.
The Union City apartment property contains 10 units, all reported occupied. Each apartment has a separate water meter, providing individual metering across the building.
The property is located at 408–412 Monastery Place in Union City, New Jersey. The reported figures include annual income of $113,706.84 and a 6.00% cap rate. The remarks also identify a $5,000 water and sewer expense and outline possible tenant recovery, subject to lease and billing verification; that potential is not assumed here.
The property is located at 408–412 Monastery Place in Union City, New Jersey. The reported figures include annual income of $113,706.84 and a 6.00% cap rate. The remarks also identify a $5,000 water and sewer expense and outline possible tenant recovery, subject to lease and billing verification; that potential is not assumed here.
Key Highlights
- 10 apartments, all reported occupied
- Separate water meter for each apartment
- Reported annual income of $113,706.84 and a 6.00% cap rate
Property Analytics
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Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,353
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Union City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are occupied, with a separate water meter serving each unit.
Where is this apartment building located?
The property is located at 412 MONASTERY PL Union City, NJ.
What is the asking price?
The asking price for this property is $1,279,000.
What are key features of this property?
This property features: 10 apartments, all reported occupied; Separate water meter for each apartment; Reported annual income of $113,706.84 and a 6.00% cap rate
