For Sale $1,249,000
Property Type Multi-Family
Property Size 4,900 SF
Units 7
Lot Size 0.06 Acre
Property Tenancy Multi-Tenant
Year Built 1920
Year Renovated 2010
Date Updated Apr 19, 2024

Union City is a city in the northern part of Hudson County, in the U.S. state of New Jersey. As of the 2020 United States census, the city was the state's 18th-most-populous municipality, with a population of 68,589, an increase of 2,134 (+3.2%) from the 2010 census count of 66,455, which in turn had reflected a decline of 633 (−0.9%) from the 67,088 counted in the 2000 census. As of the 2010 Census, among cities with a population of more than 50,000, it was the most densely populated city in the United States, with a density of 54,138 per square mile of land. The Census Bureau's Population Estimates Program calculated that the city's population was 65,366 in 2022, ranking the city the 590th-most-populous in the country.The Elia Realty Group (ERG) and Ryan Cooper powered by KW Commercial, are proud to present an exciting new opportunity to own this (x7) unit income producing investment sale. Explore the potential of this exceptional 7-unit multi-family investment property nestled in the heart of Union City, NJ. Ideal for new entrants into the market or seasoned investors with a diverse portfolio, this property promises both immediate returns and long- term appreciation. Investment Highlights: Catering to varied tenant needs with a well-balanced assortment of 1 & 2-bedroom units. Enjoy the convenience of nearby shopping, dining, and public transportation options. A lucrative investment with a history of stable rental income. Ideal for: New and Seasoned Investors: A perfect entry point into the lucrative multi-family real estate market. A strategic addition to a portfolio seeking stable returns and future appreciation.

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Highlights

Strategically Located just miles from NYC
Ideal for "Add Value" asset contribution from ownership
Annual Rental Increases of 3% per year

Contacts

Bruce Elia Jr.

KW - Bruce Elia Jr. - Fort Lee

(201) 917-5884

Location

Getting Around

Walk Score ®
97/100 Walker's Paradise
Bike Score ®
51/100 Bikeable

Map
Street

City Union City, NJ
Neighborhood Union City
Zip Code 07087
Market New Jersey

Points of Interest

Port Imperial

0.31 miles
Bergenline Avenue

0.35 miles
Tonnelle Avenue

0.97 miles
Lincoln Harbor

1.18 miles
Holiday Taxi

1.32 miles
9th Street–Congress Street

2.30 miles
2nd Street

2.82 miles
Hoboken

2.98 miles
PATH Elevator

2.99 miles
Hoboken Terminal

3.02 miles

Exxon

0.21 miles
Speedway

0.55 miles
Lukoil

0.74 miles
Exxon

0.88 miles
Exxon

1.36 miles
Exxon

1.65 miles
Delta

1.71 miles
BP

1.76 miles
Speedway

1.76 miles
Sunoco

1.83 miles

North Lot

0.41 miles
Harry Bain Elementary School Parking Lot

0.42 miles
Walgreens

0.62 miles
Weehawken Public Library

0.67 miles
Union City Post Office

0.77 miles
Port Authority of New York and New Jersey

0.97 miles
Tonnelle Avenue Parking

1.04 miles
Hudson Korean Presbyterian Church Parking Lot

1.31 miles
Jose Marti Field and Recreational Grounds Parking Lot

1.31 miles
North Bergen Park & Ride

1.34 miles

Super 8 North Bergen

1.11 miles
Fountain Motel

1.15 miles
Best Western

1.18 miles
Meadowlands View

1.23 miles
Holiday Inn Express

1.26 miles
Sheraton

1.37 miles
Hyatt Place

1.40 miles
Extended Stay America

1.44 miles
Holiday Inn

1.49 miles
Embassy Suites

1.50 miles

Dunkin'

0.14 miles
Subway

0.15 miles
Tulemia Pizza

0.18 miles
Daily Chinese Restaurant

0.21 miles
El Unico de Elena

0.21 miles
Romano Pizza

0.21 miles
Touch Of Spice

0.23 miles
Charrito's Restaurant

0.24 miles
Bettí

0.25 miles
Anthony's Pizza and Restaurant

0.26 miles

Roosevelt Elementary School

0.11 miles
Theodore Roosevelt Number 5 Elementary School

0.17 miles
Number 2 Elementary School

0.32 miles
Saint Augustine's School

0.37 miles
Union Hill High School

0.39 miles
Saint Joseph's High School

0.42 miles
Harry Bain Elementary School

0.42 miles
Washington School

0.42 miles
Number 5 Elementary School

0.43 miles
West New York Middle School

0.47 miles

Harmony Childcare Center

1.40 miles
Lolipop Learning Center

1.73 miles
Hoboken Children's Academy II

1.93 miles
North Hudson Community Action

1.97 miles
Bright Horizons

2.02 miles
Kidz City

2.20 miles
Little Bee Learning Studio

2.63 miles
Apple Montessori Schools

2.77 miles
Kiddie Academy

2.84 miles
Cresthill Academy

2.90 miles

Frequently Asked Questions

What is the lease rate for 7 Unit Multi-family | $64,060 N.O.I. | Add Value Asset?

Rental asking rate at 7 Unit Multi-family | $64,060 N.O.I. | Add Value Asset is $624,500.00/YR.

What is the total square footage of 7 Unit Multi-family | $64,060 N.O.I. | Add Value Asset?

7 Unit Multi-family | $64,060 N.O.I. | Add Value Asset totals 4,900 square feet.

When was this property built?

7 Unit Multi-family | $64,060 N.O.I. | Add Value Asset was built in 1920.

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