8-Unit Apartment
New
For Sale
$1,599,000
532 27th Street, Union City, NJ 07087
Renovated interiors feature updated kitchens, hardwood flooring, recessed lighting, and tiled bathrooms.
Property Size4,790 SF
Lot Size0.06 Acres
Price / SF$333.82
Days on Market2
Property Features for 532 27th Street
General Information
Standard status
Active
Size
4,790 SF
Lot size
0.06 Acres
Property subtype
Multi-Family
Units
Unit Mix
6 x 1BR, 2 x 2BR
Multifamily Units
8
Individually Metered Utilities
unspecified utilities
Additional Details
Public Transit
Yes
Building Details
Year Built
1920
Buildings
1
Listing Agency:
RE/MAX NOW - Palisades Park
Listed By:
Kyu O. Chon · License #1012127
(201) 891-8000
Source:
Thadanicollectivenj
Added: Oct 24
Last Checked: Oct 24 at 1:38PM
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 RE/MAX NOW - Palisades Park
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Investment Insights
Based on property information with market context.
This legal 8-family apartment building contains six 1-bedroom units and two 2-bedroom units, totaling approximately 4,790 square feet on a 2,500-square-foot lot. Separate utilities serve the apartments. Interior improvements include kitchens with granite or quartz countertops, wood or white shaker cabinets, stainless steel microwaves, and gas cooking, along with hardwood floors, recessed lighting, and tiled bathrooms with glass-enclosed showers.
The property is on a residential block near Bergenline Avenue shopping and dining. Public transportation provides access to Manhattan.
The property is on a residential block near Bergenline Avenue shopping and dining. Public transportation provides access to Manhattan.
Key Highlights
- Legal 8‑family building with six 1‑bedroom units and two 2‑bedroom units
- Approximately 4,790 square feet on a 2,500‑square‑foot lot
- Separate utilities for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,661
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,220
$1.5M
Cap Rate 7%
$1,052,300
$1.1M
Cap Rate 9%
$818,456
$818.5K
Market Conditions
NOI Build-Up for 4,790 SF
Gross rent
$143.7K $30.00/SF
− Vacancy
−$9.8K −$2.04/SF
EGI
$133.9K $27.96/SF
− OpEx
−$60.3K −$12.58/SF
NOI
$73.7K $15.38/SF
Area
Hudson County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,220
Cap Rate 7%
$1,052,300
Cap Rate 9%
$818,456
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$920.8K – $1.23M
NOI $73,661 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,416 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,168
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors feature updated kitchens, hardwood flooring, recessed lighting, and tiled bathrooms.
Where is this apartment building located?
The property is located at 532 27th Street Union City, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Legal 8‑family building with six 1‑bedroom units and two 2‑bedroom units; Approximately 4,790 square feet on a 2,500‑square‑foot lot; Separate utilities for the apartments
