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Apartment Union City (United States)by prominent properties sotheby's international realty
Apartment / penthouse purchase in Union City (United States) - Beige house facade with balcony
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ApartmentUnion City (United States)
Price :
$849,000
bedrooms11 bathrooms4

Why this property will seduce you

  • Active Neighborhood: Dynamic rental market in Hudson County.
  • Gross Rental Income: Generates $83,400 in annual gross income.
  • Projected Cap Rate: 8.1% projected cap rate.
414 Monastery Place, Union City , 3-Family Investment , $849,000 A strong investment should make sense today and still leave room for tomorrow. 414 Monastery Place does exactly that. Recently updated and fully occupied, this 8-bedroom, 3-full-bath, 3-family generates approximately $83,400 in annual gross rental income with reasonable operating expenses and a projected 8.1% cap rate based solely on the 3-family. For investors, it’s a straightforward opportunity: three income-producing units, strong gross rents, an attractive return and long-term upside in one of Hudson County’s active rental markets. For an owner-occupant, the property also offers future flexibility to live in one unit when available while income from the others helps offset ownership costs. And for the buyer thinking bigger, there’s another conversation worth having. The same owner is also offering 414 Monastery Place Rear, a separately taxed single-family home, and 408-12 Monastery Place Rear, an adjacent vacant parcel—both currently listed for sale. Combined with the 3-family, the three parcels total approximately 8,050 SF of land, creating the opportunity to acquire the entire assemblage and explore a larger income-and-development strategy, subject to zoning and municipal approvals. Stay focused on the 3-family or think bigger—the choice is yours. Inquire within for details on the complete three-parcel opportunity. $83,400 gross income. 8.1% projected cap. Fully occupied. Recently updated. 414 Monastery Place is already working from day one.
Advertiser reference : 3C593FLe Figaro Properties reference : 108689671

In detail

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Apartment Union City (United States)

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Apartment / penthouse purchase in Union City (United States) - Beige house facade with balcony
House facade with siding and balcony in this luxury apartment / penthouse for sale in Union City ($849,000)
Empty room with light wood floor - Prestige apartment / penthouse for sale in Union City, 11 bedrooms
Luxury apartment / penthouse for sale in Union City (United States)
Apartment - photo 5View the 15 photos

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Tarek Hassieb

prominent properties sotheby's international realty
306 Washington Street07030 Hoboken (États-unis) All the listings of this agency

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Do you have a property to sell?

By confirming this form, I agree to the General Usage Terms & Conditions of Figaro Properties.
The data entered into this form is required to allow our partner Sotheby’s International Realty to respond to your contact request by phone, email or SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

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