10 Baths

$1,279,000

412 MONASTERY PL, Union City NJ, 07087-4456

Property typeCommercial

Overview

Active

Listed Nov 5, 2026

Updated 5 days ago

A fully rented ten-unit apartment building in Union City. 408-412 Monastery Place brings in $113,706.84 a year at an asking price of $1,279,000 - a 6.00% cap rate on the reported figures, with all ten apartments occupied. The building also offers a clear income opportunity: ten separate apartment water meters are reported in place. If the leases and billing allow the $5,000 water and sewer expense to be recovered from tenants - a step that requires lease and billing verification - income after listed expenses would rise to $81,720 and the cap rate to 6.39%, income that would support a value of roughly $1,362,000 at the same 6% cap.

Additional information

MLS^® ID: 260022270

Interior Features

Bathrooms: 10
Basement: No

Courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY with TAREK HASSIEB,
Listing Contact: 201-420-7393

The IDX display contains information sourced from the Realty Multiple Listing System, Inc. as of 11/7/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 11/7/2026 at 3:40 AM UTC