610-612 12th Street

610-612 12th Street, Union City, NJ 07087

  • For Sale $3,798,000/SF
  • Property Type Multi-Family
  • Units 8
  • Lot Size 0.2 Acre
  • Cap Rate % 4.8
  • Rental Income / YR 245760
  • NOI / YR 182408
  • Taxes / YR 53432
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 12
  • Parking Ratio 1.35 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 2018
  • Date Updated Oct 22, 2024

Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of two oversized buildings featuring eight spacious two-bedroom, two-bathroom units, generating an impressive $182,408 in net annual income with a CAP rate of approximately 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses.

The total building spans 16,572 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a combined lot measuring 50 x 178. This property offers 12 dedicated parking spaces, ensuring each unit has its own assigned spot, while two units also feature private patios. Moreover, any unused parking spots present an excellent opportunity for additional rental income.

These modern apartments boast individual washers and dryers, red oak hardwood flooring, central heating and air conditioning, granite countertops, stainless steel appliances and mosaic tile in the kitchens and classic subway tile in the bathrooms. The building is equipped with a central reporting fire alarm, security systems, and a whole building sprinkler system.

Conveniently located near major highways (Route 3, 495, & 9) and public transportation options, including bus service to Port Authority that takes less than 30 minutes, this property is also close to parks, restaurants, shopping, and grocery stores. The buildings at 610 12th Street and 612 12th Street can be sold separately.

Union City is an outstanding investment area, and finding a property in such exceptional condition is a rare opportunity.

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Attachments

Contacts

broker

Westley Page

Brown Harris Stevens NJ

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    71/100 Excellent Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Union City, NJ
  • Zip Code 07087
  • Market New Jersey

Points of Interest

  • Holiday Taxi

    0.63 miles

  • PATH Elevator

    1.78 miles

  • Hoboken

    1.79 miles

  • Hoboken Terminal

    1.87 miles

  • Port Imperial

    1.87 miles

  • Secaucus Junction

    1.94 miles

  • Grove Street PATH Trains

    2.80 miles

  • Grove Street

    2.83 miles

  • Grove Street (PATH)

    2.83 miles

  • Exchange Place

    3.01 miles

  • Exxon

    0.08 miles

  • Delta

    0.23 miles

  • Blue Star

    0.30 miles

  • BP

    0.57 miles

  • 7 Even

    0.61 miles

  • Speedway

    0.64 miles

  • Sunoco

    0.68 miles

  • Tesla Supercharger

    0.95 miles

  • Hudson Korean Presbyterian Church Parking Lot

    0.39 miles

  • Jose Marti Field and Recreational Grounds Parking Lot

    0.45 miles

  • Leber Funeral Home Parking

    0.54 miles

  • Washington Park Parking Lot

    0.56 miles

  • Union City Post Office

    0.89 miles

  • Little Man Parking

    0.95 miles

  • Port Authority of New York and New Jersey

    0.96 miles

  • Weehawken Public Library

    1.03 miles

  • Walgreens

    1.05 miles

  • Dunkin Donuts Parking lot

    1.15 miles

  • Howard Johnson by Wyndham North Bergen

    0.54 miles

  • Quality Suites Nyc Gateway

    0.55 miles

  • Sheraton Lincoln Harbor

    0.78 miles

  • Mason Civic League

    0.87 miles

  • Days Inn

    0.89 miles

  • Days Hotel

    0.91 miles

  • Best Western

    0.93 miles

  • Meadowlands View

    0.97 miles

  • Super 8 North Bergen

    1.00 miles

  • Fountain Motel

    1.02 miles

  • Luna's Pizzeria & Restaurant

    0.08 miles

  • Chun Wai

    0.17 miles

  • Antojitos Peruanos

    0.20 miles

  • Summit Pizza

    0.21 miles

  • Conga Cafe

    0.23 miles

  • Comida Tipica Hondureña

    0.24 miles

  • Panda House II

    0.27 miles

  • Juice Bar

    0.27 miles

  • Juanitas

    0.27 miles

  • Coach House Diner

    0.29 miles

  • Miftaahul Uloom Academy

    0.15 miles

  • Veterans' Memorial School

    0.17 miles

  • Mother Seton School

    0.21 miles

  • Colin Powell Elementary School

    0.25 miles

  • Saint Francis Academy

    0.26 miles

  • Thomas A Edision Elementary School

    0.30 miles

  • Sara M Glimore Elementary School

    0.33 miles

  • John F Kennedy Number 7 Elementary School

    0.33 miles

  • Emerson High School

    0.36 miles

  • Jose Marti Freshman Academy

    0.40 miles

  • Lolipop Learning Center

    0.08 miles

  • North Hudson Community Action

    0.41 miles

  • Hoboken Children's Academy II

    0.89 miles

  • Bright Horizons

    1.00 miles

  • Kidz City

    1.05 miles

  • Apple Montessori

    1.06 miles

  • Little Bee Learning Studio

    1.35 miles

  • Dear World Academy

    1.42 miles

  • Cresthill Academy

    1.49 miles

  • Apple Montessori Schools

    1.60 miles

Frequently Asked Questions

How much does 610-612 12th Street cost?

The space currently listed for sale at 610-612 12th Street asks for $3,798,000/SF.

When was this property built?

610-612 12th Street was built in 2018.

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Contact Listing Broker

broker

Westley Page

Brown Harris Stevens NJ