803 22nd Street

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803 22nd Street

Union City, NJ 07087
Asking Price
$1.72M
Cap Rate
6.65%
Asset Type
Apartment Building Retail
Class
Class B

What's Special

12-Unit Value-Add Brick Building with 6.65% Cap, Near Midtown Manhattan <ul><li>​Value-Add Opportunity</li><li>​12 Residential Units</li><li>​1 Commerical Unit</li><li>​$132K Price Per Unit</li><li>​6.65% Cap Rate</li><li>​Brick Building</li><li>​Renovated Units</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, hot water, water/sewer & common area electric</li><li>​Prime Location in Union City</li><li>​The building is approximately a 9-minute walk to

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NOI
$80,000
Cap Rate
4.66%
DSCR
0.78
Underwater
Cash-on-Cash
-4.27%
Monthly Payment
$8,499.727
Annual Cash Flow
$-21,996.72

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