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10 Beds
20 Baths

$1,279,000

412 Monastery Pl , Union City NJ, 07087

Property typeMulti-family

Overview

Active

Listed Nov 6, 2026

Updated 4 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. Presented by Team Tarek Real Estate Group at Prominent Properties Sotheby's International Realty.

$8,509/mo

Est. mortgage payment based on a $1,279,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260022270
Available since
November 6, 2026

Interior Features

Bedrooms
10
Bathrooms
20
Basement
No

 Courtesy of Tarek Hassieb | Prominent Properties Sotheby's International Realty

Based on information from DASH - Sotheby's International Realty (SIR) as of 11/8/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 DASH - Sotheby's International Realty (SIR). All rights reserved. 

Data last updated 4:55 AM UTC, 11/8/2026

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