606 8Th St Union City NJ Cornerstone Res&Comm Realty

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Presentation transcript:

606 8Th St Union City NJ 07087 Cornerstone Res&Comm Realty Sylwia Kaldon 81 Lester St, Wallington NJ 0705 (C) 201.931.5534 (O)973.591.9990 srebisz@yahoo.com

Summary of the Building: 606 8Th Street is between Central Ave and West St in Union City, Hudson County, New Jersey 07087. Block 41, Lot 2 Lot Size 2348 3 Story Framed Building (6) 1 Bedroom Apartments with Bonus Basement Unit Property Class 4 C Utilities all separate, gas and electric Owner pays water and sewer Asking Price $850,000

Overview: Amazing opportunity to own solid brick well maintained building in Union City New Jersey. This three story building features 6 one bedroom apartments, with bonus basement unit in prime location. Fully rented, with a history of steady income and long term tenants. Ideally situated within approximately 1-mile from Lincoln Tunnel and 4 miles west of New York City. This location provides easy access to major throughways, public transit, schools, parks, shopping, house of worship, and the waterfront.

Building Financials: Rent Roll: Unit #1 $1,155.00 Gross Income $73,626.24 Unit #2 $1,183.87 Total Expenses $ 24,150.54 Unit #3 $1,155.00 Net Operating Income $49,475.70 Unit #4 $1,100.00 Cap Rate 5.8 % Unit #5 $1,124.55 Unit #6 $417.10 Income & Expense: Tax $15,529.00 Insurance $3,439.00 PSEG $756.56 Water $1,584.00 Sewer $1,341.00 Exterminator $1,500.00

Contact Information: Sylwia Kaldon Broker/Salesperson srebisz@yahoo.com 201-931-5534 Cornerstone Res&Com Realty 81 Lester St, Wallington NJ 07057 973-591-9990