For Sale
$1,149,000
4535 Broadway Union City, NJ 07087
High-yield, value-add apartment building.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 7-unit multifamily investment property in Union City, NJ, offering 4,900 square feet of net rentable space.
- Built in 1920, renovated in 2010, situated on a 3,000 square foot lot.
- Currently generating a $64,060 NOI, with a 5.13% cap rate; pro-forma cap rate of 5.58%.
- Asking price: $1,149,000 ($234.49/SF, $164,143/unit).
- Strategically located near NYC, offering convenient access to amenities and public transportation.
- Projected annual rental increases of 3%.
Property Details for 4535 Broadway
- Property type
- Apartment buildings
- Square Feet
- 4,900 SF
- Class
- B
- Year Built/Renovated
- 1920/2010
- Buildings
- 1
- Stories
- 3
- Units
- 7
Location Insight
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Latitude
- 40.7780693
- Longitude
- -74.0180544
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - High-yield, value-add apartment building.
- Where is the apartment building located?
- The property is located at 4535 Broadway Union City, NJ.
- What is the asking price?
- The asking price for this property is $1,149,000.
- What are key features of this property?
- This property features: 7-unit multifamily investment property in Union City, NJ, offering 4,900 square feet of net rentable space.; Built in 1920, renovated in 2010, situated on a 3,000 square foot lot.; Currently generating a $64,060 NOI, with a 5.13% cap rate; pro-forma cap rate of 5.58%.
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