Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
2705 Summit Avenue
Union City, NJ 07087
Asking Price
$2.53M
Cap Rate
7.25%
Asset Type
Multifamily
Class
Class B
What's Special
Prime Union City Multifamily - 7.25% Cap Rate Near Manhattan <p><strong>Value-Add Opportunity</strong> </p><ul><li>16 Units</li><li>7.25% Cap Rate</li><li>$158K Price Per Unit</li></ul><p><strong>Building Highlights</strong></p><ul><li>Brick Building</li><li>Strong unit mix of one- and two-bedroom apartments</li><li>Less than 20-minute commute to Midtown Manhattan</li><li>Separately Metered</li><li>Tenants pay for cooking gas, & electric</li><li>Landlord pays for heat, water/sewer & common area electric</li><li>Prime Location in Union City</li><
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
3.17%
DSCR
0.53
Underwater
Cash-on-Cash
-9.23%
Monthly Payment
$12,497.27
Annual Cash Flow
$-69,967.237
