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The Lenox 12 condos • Flex • À vendre 3 301 891 $ CAD • Union City, NJ
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Faits saillants de l'investissement
- Below-market entry pricing.
- Vibrant neighborhood with top-notch restaurants, shops, services, and parks just moments away.
- Conveniently located near the Hoboken border, Lincoln Tunnel, and NJ Transit Light Rail elevator.
Résumé de l'annonce
The Lenox – 500 Central Ave | Union City, NJ
12-Unit Investment Portfolio | Stabilized | Value-Add Opportunity
Rare opportunity to acquire a 12-unit residential portfolio within The Lenox, a full-service amenity building located at 500 Central Avenue in Union City, directly bordering Jersey City.
This offering consists of twelve (12) tenant-occupied residential units, providing immediate in-place cash flow with long-term upside potential.
Investment Highlights
12 Residential Units (Bulk Sale)
All Units Occupied – Stabilized income from day one
Priced Below Market – Attractive basis relative to comparable sales
Unrenovated Condition – Significant value-add potential through interior upgrades
Rent-Controlled – Subject to Union City rent control regulations
Full-Service Amenity Building
Prime Urban Location – Steps from Jersey City border with strong commuter access to NYC
Property Overview
The Lenox is a well-established residential building known for its full-service living experience, offering amenities typically sought after by renters in this market. The property benefits from its proximity to major transportation corridors, shopping, dining, and employment hubs throughout Hudson County.
All units are in original condition and priced below current market levels, offering investors a compelling opportunity to acquire at a discounted basis with the ability to unlock value through renovations and operational improvements over time, within rent control guidelines. Five units of the original 17 unit portfolio have been sold. Owner would consider selling the portfolio in increments of 5 units to one buyer.
Location Highlights
Situated on Central Avenue, a major retail and transit corridor
Minutes to Jersey City Heights and Hoboken markets
Easy access to NYC via bus, PATH, and major roadways
Strong rental demand driven by proximity to Manhattan
Investment Considerations:
This is an ideal acquisition for investors seeking:
Below-market entry pricing in a high-demand submarket
Stable, income-producing assets with upside potential
Long-term hold with incremental rent growth
12-Unit Investment Portfolio | Stabilized | Value-Add Opportunity
Rare opportunity to acquire a 12-unit residential portfolio within The Lenox, a full-service amenity building located at 500 Central Avenue in Union City, directly bordering Jersey City.
This offering consists of twelve (12) tenant-occupied residential units, providing immediate in-place cash flow with long-term upside potential.
Investment Highlights
12 Residential Units (Bulk Sale)
All Units Occupied – Stabilized income from day one
Priced Below Market – Attractive basis relative to comparable sales
Unrenovated Condition – Significant value-add potential through interior upgrades
Rent-Controlled – Subject to Union City rent control regulations
Full-Service Amenity Building
Prime Urban Location – Steps from Jersey City border with strong commuter access to NYC
Property Overview
The Lenox is a well-established residential building known for its full-service living experience, offering amenities typically sought after by renters in this market. The property benefits from its proximity to major transportation corridors, shopping, dining, and employment hubs throughout Hudson County.
All units are in original condition and priced below current market levels, offering investors a compelling opportunity to acquire at a discounted basis with the ability to unlock value through renovations and operational improvements over time, within rent control guidelines. Five units of the original 17 unit portfolio have been sold. Owner would consider selling the portfolio in increments of 5 units to one buyer.
Location Highlights
Situated on Central Avenue, a major retail and transit corridor
Minutes to Jersey City Heights and Hoboken markets
Easy access to NYC via bus, PATH, and major roadways
Strong rental demand driven by proximity to Manhattan
Investment Considerations:
This is an ideal acquisition for investors seeking:
Below-market entry pricing in a high-demand submarket
Stable, income-producing assets with upside potential
Long-term hold with incremental rent growth
Taxes et dépenses d’exploitation (Réel - 2025) |
Annuel (CAD) |
|---|---|
| Revenu de location brut |
287 419 $
|
| Autres revenus |
-
|
| Perte due à l’inoccupation |
-
|
| Revenu brut effectif |
287 419 $
|
| Taxes |
35 281 $
|
| Dépenses d’exploitation |
120 005 $
|
| Total des dépenses |
155 286 $
|
| Revenu net d’exploitation |
132 133 $
|
Taxes et dépenses d’exploitation (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 287 419 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 287 419 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 35 281 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 120 005 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 155 286 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 132 133 $ |
Faits sur la propriété
| Prix | 3 301 891 $ CAD | Statut | Actif |
| Prix/pi² | 359,96 $ CAD / pi² | Nombre de propriétés | 12 |
| Condition de vente | Ventes de portefeuille | Individuellement en vente | 0 |
| Taux de capitalisation | 4% | Taille totale du bâtiment | 9 173 pi² |
| Type de vente | Investissement |
| Prix | 3 301 891 $ CAD |
| Prix/pi² | 359,96 $ CAD / pi² |
| Condition de vente | Ventes de portefeuille |
| Taux de capitalisation | 4% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 12 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 9 173 pi² |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 1 088 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 885 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 877 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 866 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 821 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 821 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 821 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 769 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 561 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 561 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 561 pi² | 1925 | - |
| 504 Central Ave, Union City, NJ 07087 | Flex Condo | 542 pi² | 1925 | - |
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The Lenox
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