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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

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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
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
Walk Score®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

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
  • Listing ID: 39269551

  • Date on Market: 2026-01-30

  • Last Updated:

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

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