Listed by Matthews
$2,526,000
2705 Summit Avenue
Details
Property Type Multifamily
Square Footage 11,200
Units 16
Cap Rate 7.25%
NOI $183,102
Prime Union City Multifamily - 7.25% Cap Rate Near Manhattan
Investment highlights
Value-Add Opportunity
- 16 Units
- 7.25% Cap Rate
- $158K Price Per Unit
Building Highlights
- Brick Building
- Strong unit mix of one- and two-bedroom apartments
- Less than 20-minute commute to Midtown Manhattan
- Separately Metered
- Tenants pay for cooking gas, & electric
- Landlord pays for heat, water/sewer & common area electric
- Prime Location in Union City
Convenient Transportation
- The building is approximately a 3-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
$183,102.00
$15,258.50/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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