Cap Rate
6.74%
Tot. SF
14,700
1511 Summit Ave, Union City, NJ, 07087
1511-1513 Summit Ave$3,075,000
Key Information
$ per unit
$139,773
Units
22
Type
Multifamily
NOI
$207,168
Highlights
- 22 Units
- 4 Gut Renovated Units
- Brick Building
- 7 Storage Units
- 5 new water heaters replaced within the last five years
- Strong unit mix – Studio, One-, and Two-bedroom units
- Tenant pays for heat, hot water, cooking gas and electricity
- Landlord pays for water/sewer and common area electric
- Prime location in Union City, NJ
Photos
Location
Agents
D
David Ferber, CPALicense # 01469842 (NJ)
K
Kendra AntoineLicense # 2440903 (NJ)
Broker of Record
Patrick Forde
License # 2330333 (NJ)Matthews Real Estate Investment Services, Inc 52 Park Avenue, Suite B5, Park Ridge NJ 07656