Property Details
Price :
Square Feet :
Cap Rate :
$2,367,000
159,772
6.75%
NOI :
Acres :
N/A
N/A
Property Type :
Property Status :
Other
Available
Investment Highlights
4-Story Brick Multifamily Building – Approximately 10,500 SF comprising 12 residential units.
Desirable Unit Mix – 14 two-bedroom apartments and 1 one-bedroom apartment, offering a well-balanced mix for the local rental market.
Separately Metered Utilities – Gut renovated in 1999, with separate metering for heat, hot water, cold water, and sewer, minimizing landlord operating expenses.
Value-Add Potential – Opportunity to increase NOI through annual rent increases and operational efficiencies.
Strong Union City Tenant Base – Consistent demand for rental housing in an established Hudson County market.
Strategic Hudson County Location – Convenient access to major transportation, employment centers, and New York City.
Street View
