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2513 West St 7 Unit Apartment Building $1,489,758 CAD ($212,823 CAD/Unit) 7.09% Cap Rate Union City, NJ 07087
Investment Highlights
- Direct NJ Transit bus access to Manhattan
- Access to all major highways including Route 495 and the NJ Turnpike
- Desirable Location
- Close proximity to the Lincoln Tunnel
- Strong local retail, restaurants, and neighborhood amenities
Executive Summary
Century 21 Preferred is pleased to present 2513 West St., a prime multifamily investment opportunity in the heart of Union City, NJ. Location
Overview – Union City, New Jersey. Union City is one of the most densely populated municipalities in Hudson County, known for its strong rental demand and proximity to Manhattan. Located just minutes from New York City, the area benefits from:
• Direct NJ Transit bus access to Manhattan
• Close proximity to the Lincoln Tunnel
• Access to major highways including Route 495 and the NJ Turnpike
• Strong local retail, restaurants, and neighborhood amenities
Because of its commuter convenience and urban density, Union City continues to maintain strong rental occupancy and consistent investor demand.
Investment Highlights
Stable Cash Flow
Fully occupied building producing reliable rental income.
Desirable Two-Bedroom Layouts
All units feature two-bedroom configurations, which remain highly desirable in the Union City rental market.
Strong Cap Rate; At the asking price, the property offers approximately a 7.09% cap rate, making it an attractive investment opportunity for multifamily investors.
Low Maintenance Construction, All-brick building provides durability and long-term value.
Turnkey Income Property
Well maintained with stable tenants and consistent income stream.
All interested buyers are required to submit a preliminary offer along with proof of funds prior to scheduling any property showings. The tenants have not been notified of the sale, and ownership is looking to ensure that only qualified and serious buyers are granted access.
Overview – Union City, New Jersey. Union City is one of the most densely populated municipalities in Hudson County, known for its strong rental demand and proximity to Manhattan. Located just minutes from New York City, the area benefits from:
• Direct NJ Transit bus access to Manhattan
• Close proximity to the Lincoln Tunnel
• Access to major highways including Route 495 and the NJ Turnpike
• Strong local retail, restaurants, and neighborhood amenities
Because of its commuter convenience and urban density, Union City continues to maintain strong rental occupancy and consistent investor demand.
Investment Highlights
Stable Cash Flow
Fully occupied building producing reliable rental income.
Desirable Two-Bedroom Layouts
All units feature two-bedroom configurations, which remain highly desirable in the Union City rental market.
Strong Cap Rate; At the asking price, the property offers approximately a 7.09% cap rate, making it an attractive investment opportunity for multifamily investors.
Low Maintenance Construction, All-brick building provides durability and long-term value.
Turnkey Income Property
Well maintained with stable tenants and consistent income stream.
All interested buyers are required to submit a preliminary offer along with proof of funds prior to scheduling any property showings. The tenants have not been notified of the sale, and ownership is looking to ensure that only qualified and serious buyers are granted access.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00143-0000-00014 | Improvements Assessment | $895,980 CAD |
| Land Assessment | $575,400 CAD | Total Assessment | $1,471,380 CAD |
Property Taxes
Parcel Number
10-00143-0000-00014
Land Assessment
$575,400 CAD
Improvements Assessment
$895,980 CAD
Total Assessment
$1,471,380 CAD
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2513 West St
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