Listed by Matthews
$2,327,000
915-919 22nd St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,900
Units 16
Cap Rate 7%
NOI $162,879
Buildings 1
Parking Spaces 1 spaces
Parking Per SqFt 0.08
16-Unit Union City Multifamily – 7% Cap Rate, Value-Add, Near Manhattan Transit
Investment highlights
Value-Add Opportunity
- 16 Units
- 7.00% Cap Rate
- $145K Price Per Unit
Building Highlights
- 1 Parking Spot
- Brick Building
- Strong unit mix of one- and two-bedroom apartments
- 3 New Boilers in 2024
- Laundry in Basement
- Less than 20-minute commute to Midtown Manhattan
- Separately Metered
- Tenants pay for, cooking gas, & electric
- Landlord pays for heat, hot water, water/sewer & common area electric
- Prime Location in Union City
Convenient Transportation
- The building is approximately a 9-minute walk to the 30th St at Summit Ave bus stop which provides a 15-minute bus ride directly to Midtown Manhattan.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,879.00
$13,573.25/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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