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614 Kennedy Blvd
Union City, NJ 07087

$720,000

Apartments For Sale  •  4,350 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 4,350 Sq Ft
  • Lot Size 0.05 ac
  • Building Class C
  • Year Built 1910
  • Cap Rate 5.75 %
  • Zoning R
67 Transit Score
93 Walk Score

Description

Multi family six units
Building has three floors with two apartments per floor
All units are two bedrooms
Condo application has been filed. Can be delivered as multifamily or condo converted.
Clean Rail Road apartments with long term stable tenants.

Income: 
Unit # 1L $1011
Unit # 1R $1011
Unit #2L $1165
Unit #2R $1050
Unit # 3L $891
Unit # 3R $728
Total Monthly $5856
Expenses:
Taxes $11632
Insurance $3500
Water & Sewer $2900
PS&G $4500
Maintenance: $1405
Management: $2108
Total Expenses: $26045

NOI: $41,416
6% Cap Rate

Highlights

Excellent location
Prime Union City location
Situated on sought after Kennedy Blvd w Bus to NYC at corner

Financial Summary (Actual)

Net Operating Income: $44,227 (2018)
Cap Rate: 5.75 %
Total Expenses: $26,045

Public Transportation

Commuter RailDriveWalkDistance
Hoboken Terminal Commuter Rail (North Jersey Coast Line, Morris & Essex Morristown Line, Raritan Valley Line, Bergen County/Port Jervis Line, Montclair-Boonton Line, Pascack Valley Line, Morris & Essex Gladstone Branch, Main/Port Jervis Line) 9 min - 2.5 mi
Secaucus Junction Commuter Rail (Northeast Corridor Line, North Jersey Coast Line, Morris & Essex Morristown Line, Bergen County/Port Jervis Line, Montclair-Boonton Line, Pascack Valley Line, Morris & Essex Gladstone Branch, Main/Port Jervis Line) 8 min - 3.0 mi
Transit/SubwayDriveWalkDistance
9th Street - Congress Center Transit Stop (Tonnelle Avenue-Hoboken Terminal, West Side Avenue-Tonnelle Avenue) 8 min 19 min 0.9 mi
AirportDriveWalkDistance
Newark Liberty International Airport 23 min - 10.3 mi
La Guardia Airport 23 min - 14.1 mi
John F. Kennedy International Airport 33 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Francesco Mazzaferro 201-604-4200 Christie's International Real Estate
Francesco Mazzaferro 201-604-4200 Christie's International Real Estate