Duplex with Flexible
New
For Sale
$599,000
725 17th Street, Union City, NJ 07087
Two-family property with a studio apartment above a preschool space and access to nearby shopping and transportation.
Property Size1,609 SF
Days on Market6
Property Features for 725 17th Street
General Information
Standard status
Active
Size
1,609 SF
Property subtype
Duplex
Units
Unit Mix
1 x studio
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,597
Building Details
Building Size
1,609 SF
Year Built
1898
Listing Agency:
Red Door Realty Group
Listed By:
Samantha Conca
(718) 987-3667
Source:
Serhant
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 18 at 11:02AM
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 Red Door Realty Group
Investment Insights
Based on property information with market context.
This two-family property, built in 1898, is currently arranged with a studio apartment on the upper floor and a preschool occupying the first floor. The lower-level layout is identified as convertible to a two-bedroom apartment, providing an alternate residential configuration within the existing structure.
The property is located near shopping and transportation. A roof replacement completed five years ago and boilers updated two years ago are additional improvements noted for the building.
The property is located near shopping and transportation. A roof replacement completed five years ago and boilers updated two years ago are additional improvements noted for the building.
Key Highlights
- Two‑family property built in 1898
- Upper floor currently configured as a studio apartment
- First floor currently used as a preschool
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,929
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,580
$538.6K
Cap Rate 7%
$384,700
$384.7K
Cap Rate 9%
$299,211
$299.2K
Market Conditions
NOI Build-Up for 1,609 SF
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.
Gross rent
$41.1K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$38.5K $23.91/SF
− OpEx
−$11.5K −$7.17/SF
NOI
$26.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,580
Cap Rate 7%
$384,700
Cap Rate 9%
$299,211
Alternative Uses
Best Use
Multifamily LT 5
$384.7K
$336.6K – $448.8K
NOI $26,929 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,743 @ 7.0% cap · market cap 4.13%
Theoretical Best
Warehouse
$582.6K
$509.8K – $679.7K
NOI $40,784 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,159
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a studio apartment above a preschool space and access to nearby shopping and transportation.
Where is this duplex located?
The property is located at 725 17th Street Union City, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family property built in 1898; Upper floor currently configured as a studio apartment; First floor currently used as a preschool
