3501 Hudson Ave Union City, NJ 07087
Property Lookup
Property profile & analytics
3501 Hudson Ave Union City, NJ 07087
- Apartment buildings
Property ID
US59-1375359
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Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 3501 Hudson Ave
- Year built
- 1930
- Property type
- Apartment buildings
- Property subtype
- Mixed-use properties
Description
Stabilized 12-unit + 1 commercial mixed-use property located on Hudson Avenue in Union City, NJ. This building delivers strong in-place income, reliable tenancy, and clean financials — a rare combination in a high-demand, rent-controlled submarket known for long-term occupancy and low vacancy. The asset generates $177,024 in annual gross rental income with realistic Union City operating expenses at 33% of GRI , resulting in a true NOI of $118,606 . Using a 6.98% market cap rate , the building supports a valuation of $1,725,00 making it an attractive stabilized yield play with room for long-term appreciation. This building benefits from a diversified rent roll consisting of 1BR and 2BR residential units , plus a separate commercial “Iron Shop” tenant , which adds revenue stability and offsets the limitations of residential rent control. The unit mix appeals to the strong working-class demographic that drives Union City’s consistently high rental demand. Located near major transportation corridors, shopping, restaurants, and minutes from Hoboken, Jersey City, and Manhattan, the property sits in one of the most transit-connected and densely populated markets in the region. ⭐ Why Investors Want This Building In a market where many Union City buildings suffer from inflated expenses, poor bookkeeping, or deferred maintenance, this property offers a clean, credible financial package with stable cashflow and realistic operating numbers . The commercial component provides income diversity, and the residential units maintain strong occupancy driven by a reliable, long-term tenant base typical of Union City’s rent-controlled environment. This asset is ideal for investors seeking predictable performance, recession-resistant cashflow, and long-term appreciation in a dense, transit-oriented submarket minutes from Manhattan.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0249849
- Latitude
- 40.7721291
