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1511-1513 Summit Ave 1511 Summit Ave 22 Unit Apartment Building $4,147,960 CAD ($188,544 CAD/Unit) 6.74% Cap Rate Union City, NJ 07087

Apartment Buildings New Jersey Union City 1511 Summit Ave, Union City, NJ 07087

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Investment Highlights

  • 4 Gut Renovated Units
  • 5 new water heaters replaced within the last five years
  • Tenant pays for heat, hot water, cooking gas and electricity
  • 7 Storage Units
  • Strong unit mix – Studio, One-, and Two-bedroom units
  • Landlord pays for water/sewer and common area electric

Executive Summary

Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550

Property Facts

Price $4,147,960 CAD Apartment Style Mid-Rise
Price Per Unit $188,544 CAD Building Class C
Sale Type Investment Lot Size 0.06 AC
Cap Rate 6.74% Building Size 14,700 SF
No. Units 22 No. Stories 4
Property Type Multifamily Year Built 1930
Property Subtype Apartment
Zoning R
Price $4,147,960 CAD
Price Per Unit $188,544 CAD
Sale Type Investment
Cap Rate 6.74%
No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 14,700 SF
No. Stories 4
Year Built 1930
Zoning R

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 750

Links

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Walk Score®
Walker's Paradise (97)
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 10-00080-0000-00003 Improvements Assessment $1,125,682 CAD
Land Assessment $809,358 CAD Total Assessment $1,935,040 CAD

Property Taxes

Parcel Number
10-00080-0000-00003
Land Assessment
$809,358 CAD
Improvements Assessment
$1,125,682 CAD
Total Assessment
$1,935,040 CAD
(201) 218-9156

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39269551

  • Date on Market: 2026-01-30

  • Last Updated:

  • Address: 1511 Summit Ave, Union City, NJ 07087

The Multifamily Property at 1511 Summit Ave, Union City, NJ 07087 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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1511-1513 Summit Ave | 1511 Summit Ave
(201) 218-9156 x

1511-1513 Summit Ave | 1511 Summit Ave

David Ferber
(201) 218-9156

Kendra Antoine
(845) 642-3370

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