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3300 Palisade Avenue
Union City, NJ 07087
Asking Price
$2.00M
Cap Rate
6.89%
Asset Type
Mixed-use
Class
Class B
What's Special
Prime Mixed-Use Investment: 6.89% Cap Rate Near Manhattan <p>• 7 Units</p><p>• 6.89% Cap Rate</p><p>• 100% Occupancy & Collections</p><p>• 3 Commercial Units</p><p>• 4 Residential Units</p><p>• 9 Car Parking Lot</p><p>• 10 foot wide easement agreement with the Port Authority</p><p>• Tenants pay for heat, hot water, cooking gas, & electric</p><p>• Landlord pays for water/sewer & common area electric</p><p>• The building is approximately a 3-minute walk to the 30th St at Palisade Ave bus stop which provides a 10-minute trip into Midtown Manhattan</p><p>•
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NOI
$80,000
Cap Rate
4.01%
DSCR
0.68
Underwater
Cash-on-Cash
-6.42%
Monthly Payment
$9,870.171
Annual Cash Flow
$-38,442.058
