Two-Family Property with Recent
New
For Sale
$599,000
725 17th Street, Union City, NJ 07087
Residential Income, Union City, NJ
Property Size1,609 SF
Lot Size0.05 Acres
Price / SF$372.28
Days on Market5
Property Features for 725 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
On Street
Basement
Finished
Subdivision
Union City
Standard status
Active
APN
84-0023
Size
1,609 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7597
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1898
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Red Door Realty Group
(718) 987-3667
Listed By:
Samantha Conca
(917) 881-2605
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 15 at 3:06PM
MLS# 2605184
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,609-square-foot, two-family property in Union City was built in 1898 and has aluminum siding. The upper level is configured as a studio apartment, while the first floor is currently used as a preschool and is described as convertible to a two-bedroom apartment. The property includes three bedrooms and three bathrooms overall, with hot-water heating powered by natural gas and wall-unit cooling.
The parcel contains 0.0501 acres and is served by public sewer. A roof installed five years ago and boilers replaced two years ago are notable recent improvements. On-street parking is available, and the property is positioned near shopping and transportation along 17th Street.
The parcel contains 0.0501 acres and is served by public sewer. A roof installed five years ago and boilers replaced two years ago are notable recent improvements. On-street parking is available, and the property is positioned near shopping and transportation along 17th Street.
Key Highlights
- Two‑family property with 1,609 square feet of building area
- Upper level configured as a studio apartment
- First floor currently used as a preschool and described as convertible to a two‑bedroom apartment
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R-zoned two-family property with separate residential and preschool configurations near 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 with 1,609 square feet of building area; Upper level configured as a studio apartment; First floor currently used as a preschool and described as convertible to a two‑bedroom apartment
