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Multifamily

337 47th Street, Union City

337 47th St, Union City, NJ 07087

Listing Price: $2,475,000

Cap Rate
5.31%
Number of Units
16
Price/Unit
$154,688
Price/Gross SF
$233.49
Gross SF
10,600

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 337 47th Street, a 16 unit multifamily brick building located in Union City. The property has a mix of one and two bedroom apartments and is currently at 100% occupancy with an impressive 100% rent collections throughout the pandemic. The current owner has kept the property in excellent shape with little to no deferred maintenance for over the last 34 years. The building has recently been upgraded with a new boiler, hot water tank, skylight and recoated roof. The majority of the apartments have been renovated in the early 2000’s.

Investment Highlights

  • 15-30 Minutes to NYC
  • Steps from the JFK Blvd at 48th St Bus Stop which Offers a Direct Ride into Manhattan in 16 Minutes
  • Over 34 Years Under the Same Family Ownership
  • No Deferred Maintenance

Exclusively Listed By

Multifamily

337 47th Street, Union City

Listing Price: $2,475,000

Cap Rate
5.31%
Number of Units
16
Price/Unit
$154,688
Price/Gross SF
$233.49
Gross SF
10,600

Investment Highlights

  • 15-30 Minutes to NYC
  • Steps from the JFK Blvd at 48th St Bus Stop which Offers a Direct Ride into Manhattan in 16 Minutes
  • Over 34 Years Under the Same Family Ownership
  • No Deferred Maintenance

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 337 47th Street, a 16 unit multifamily brick building located in Union City. The property has a mix of one and two bedroom apartments and is currently at 100% occupancy with an impressive 100% rent collections throughout the pandemic. The current owner has kept the property in excellent shape with little to no deferred maintenance for over the last 34 years. The building has recently been upgraded with a new boiler, hot water tank, skylight and recoated roof. The majority of the apartments have been renovated in the early 2000’s.

Exclusively Listed By

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