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4010, 4110, & 4120 New York Avenue, Union City, NJ, 07087

4010, 4110, & 4120 New York Avenue

$1,750,000

Key Information

Cap Rate
7.29%
$ per SF
$175
Tot. SF
9,950
Units
13
Type
Apartments
NOI
$127,539

Highlights

Value-Add Opportunity

  • 13 Units
  • 3 Buildings
  • 7.29% Cap Rate
  • $135K Price Per Unit

Building Highlights

  • Brick Buildings
  • Strong unit mix of one-, two-, and three-bedrooms
  • Less than 30-minute commute to Midtown Manhattan
  • Separately Metered
  • Tenants pay for cooking gas & electric
  • Landlord pays for heat, hot water, water/sewer, & common area electric

Convenient Transportation

  • Buildings are approximately a 2-minute walk to the Bergenline Ave at 41st St bus stop, providing a 25-minute direct bus ride to Midtown Manhattan.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666