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214 44th St 6 Unit Apartment Building $1,036,742 CAD ($172,790 CAD/Unit) 6.75% Cap Rate Union City, NJ 07087



INVESTMENT HIGHLIGHTS
- 6.75% Cap Rate
- All Two-Bedroom Units
- Landlord Covers Heat, Hot Water, Water/Sewer and Common Area Electric
- Under 20 Minutes from Manhattan
- Tenants Pay for Cooking Gas & Electric
- The building is approximately a 5-minute walk to Park Ave at 43rd Street bus stop which provides a 14 minute trip to into Midtown Manhattan.
EXECUTIVE SUMMARY
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Ste. 440, Teaneck, NJ 07666
(866) 889-0550
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Ste. 440, Teaneck, NJ 07666
(866) 889-0550
PROPERTY FACTS
| Price | $1,036,742 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $172,790 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.75% | Building Size | 3,027 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R | ||
| Price | $1,036,742 CAD |
| Price Per Unit | $172,790 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,027 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (87)
PROPERTY TAXES
| Parcel Number | 10-00258-0000-00001 | Improvements Assessment | $533,218 CAD |
| Land Assessment | $500,022 CAD | Total Assessment | $1,033,240 CAD |
PROPERTY TAXES
Parcel Number
10-00258-0000-00001
Land Assessment
$500,022 CAD
Improvements Assessment
$533,218 CAD
Total Assessment
$1,033,240 CAD
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214 44th St
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