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2705 Summit Ave
Union City, NJ 07087

$2,526,000 USD

Multifamily For Sale  •  11,200 SF

Property Details

• Property Type Multifamily
• Total Building Size 11,200 SF
• Year Built 1950
• Cap Rate 7.25 %

90 Transit Score

100 Walk Score

Highlights

Value-Add Opportunity

Strong unit mix of one- and two-bedroom apartments

Less than 20-minute commute to Midtown Manhattan

Landlord pays for heat, hot water, water/sewer & common area electric

Prime Location in Union City

$158K Price Per Unit

Cap Rate:

7.25 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH))	11 min	-	3.4 mi
New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit))	12 min	-	3.8 mi
Airport	Drive	Walk	Distance
Newark Liberty International	13 min	-	10.6 mi
LaGuardia	28 min	-	12.6 mi
John F Kennedy International	37 min	-	20.6 mi