Cap Rate
7.25%
Tot. SF
11,200
2701 Summit Ave, Union City, NJ, 07087
2705 Summit Ave$2,526,000
Key Information
$ per unit
$158,000
Units
16
Type
Apartments
NOI
$183,102
Highlights
- Value-Add Opportunity
- 16 Units
- 7.25% Cap Rate
- $158K Price Per Unit
- Brick Building
- Strong unit mix of one- and two-bedroom apartments
- Less than 20-minute commute to Midtown Manhattan
- Separately Metered
- Tenants pay for cooking gas, & electric
- Landlord pays for heat, water/sewer & common area electric
- Prime Location in Union City
- The building is approximately a 3-minute walk to the 30th St at Summit Ave bus stop which provides a 15-minute bus ride directly to Midtown Manhattan.
Photos
Location
Agents
D
David Ferber, CPALicense # 01469842 (NJ)
K
Kendra AntoineLicense # 2440903 (NJ)
Broker of Record
Patrick Forde
License # 2330333, 122887 (NJ)Matthews Real Estate Investment Services, LLC300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666