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915-921 22nd St 16 Unit Apartment Building $3,205,443 CAD ($200,340 CAD/Unit) 7% Cap Rate Union City, NJ 07087
Investment Highlights
- Value-Add Opportunity
- Strong unit mix of one- and two-bedroom apartments
- Laundry in Basement
- Brick Building
- 3 New Boilers in 2024
- Less than 20-minute commute to Midtown Manhattan
Executive Summary
Patrick Forde
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, LLC
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, LLC
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $3,205,443 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $200,340 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 11,900 SF |
| Cap Rate | 7% | No. Stories | 4 |
| No. Units | 16 | Year Built/Renovated | 1910/2024 |
| Property Type | Multifamily | Parking Ratio | 0.08/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,205,443 CAD |
| Price Per Unit | $200,340 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Building Size | 11,900 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2024 |
| Parking Ratio | 0.08/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,197 CAD | 650 |
| 2+1 | 15 | $1,968 CAD | 750 |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00118-0000-00010-01 | Improvements Assessment | $1,561,800 CAD |
| Land Assessment | $1,315,200 CAD | Total Assessment | $2,877,000 CAD |
Property Taxes
Parcel Number
10-00118-0000-00010-01
Land Assessment
$1,315,200 CAD
Improvements Assessment
$1,561,800 CAD
Total Assessment
$2,877,000 CAD
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915-921 22nd St
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