3700 New York AveUnion City, NJ 07087

For Sale
$3,400,000

14-Unit Apartment Building, $3.4M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use investment opportunity presents a 14-unit apartment building located at 3700 New York Avenue in Union City, New Jersey. The property boasts a substantial 23,750 square feet of net rentable space, offering a compelling price per square foot of $143.16. Classified as a Class C multifamily building, this asset presents significant potential for value appreciation and strong rental income. The building is situated in Hudson County, New Jersey, with a convenient zip code of 07087. This property is part of a larger portfolio of six contiguous buildings, including multi-story storage/warehouse space, and is situated on three separate tax lots. The asking price for this specific 14-unit building is $3,400,000. Detailed financial information and potential ROI projections are available upon request. This is an ideal opportunity for investors seeking a strong foothold in the thriving Union City real estate market. The property's size and location offer excellent potential for future development or renovation, allowing for increased profitability and return on investment. Serious inquiries only.

Property Details for 3700 New York Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
23,750 SF
Class
C
Units
14

Location Insight

City
Union City
County
Hudson
State
New Jersey
Latitude
40.7742421
Longitude
-74.025904
3700 New York Ave, Union City, New Jersey

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3700 New York Ave
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