414 Monastery Place, Union City, NJ 07087
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
414 Monastery Place,Union City, NJ 07087
$899,000
- 11 Beds
- 4 Baths
- - sq. ft.
- Single family
- Active
Listed by: jason naggiar, attilio adamo
Office: serhant new jersey llc.646-480-7665
MLS#:26012269
Source:NJ_MLS
Price summary
- Price:$899,000
About this home
414 Monastery Place in Union City, New Jersey offers a rare opportunity to acquire one of the largest development lots in Union City, combined with a four-family asset that provides both in-place income and clear upside. The property is configured with three three-bedroom, one-bath units and one two-bedroom, one-bath unit, offering a strong unit mix that consistently attracts renters in this market. Set on a massive triple lot, the property also delivers an unmatched outdoor space experience for residents, a feature that is exceptionally rare in this area and a meaningful driver of tenant demand and long-term value. Two of the units are currently vacant, allowing a new owner to immediately lease at market rates and significantly increase cash flow from day one. The remaining occupied units are rent stabilized, providing steady baseline income with the potential to grow the overall rent roll over time. This is a true value-add opportunity with the ability to improve income through leasing the vacant units, optimizing rents, and potentially expanding the property to add additional rental units, subject to buyer verification. While condo conversion is currently not permitted in Union City, the property stands out as a strong long-term rental investment with scalability in a supply-constrained market. Located on Monastery Place, the asset benefits from close proximity to New York City transit, consistent rental demand, and ongoing neighborhood growth....
Contact an agent
Home facts
- Listing ID #:26012269
- Added:7 day(s) ago
- Updated:April 21, 2026 at 07:00 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:19
Heating and cooling
- Heating:Gas, Radiators
Structure and exterior
- Lot Features:Regular
- Architectural Style:Bi-level
Schools
- High school:Jose Marti STEM Acad
- Middle school:Sara M. Gilmore Acad
- Elementary school:Colin Powell Element
Finances and disclosures
- Price:$899,000
- Tax amount:$16,980
New listings near 414 Monastery Place
- New
$649,900Active2 beds 2 baths970 sq. ft.649 38TH ST #203, Union City, NJ 07087-2518
MLS# 260006761Listed by: EXP REALTY LLC - New
$250,000Active2 beds 1 baths513 sq. ft.213 48TH ST #B3, Union City, NJ 07087
MLS# 260007216Listed by: PRO REALTY LLC - Open Sun, 1 to 4pmNew
$425,000Active1 beds 1 baths821 sq. ft.500 CENTRAL AVE #714, Union City, NJ 07087
MLS# 260007182Listed by: CORCORAN SAWYER SMITH - New
$799,000Active3 beds 2 baths1,500 sq. ft.136 35TH ST #1, Union City, NJ 07087
MLS# 260007156Listed by: LIFESTYLE INTERNATIONAL REALTY LLC - New
$824,999Active3 beds 2 baths1,500 sq. ft.3305 PLEASANT AVE #2, Union City, NJ 07087
MLS# 260007158Listed by: LIFESTYLE INTERNATIONAL REALTY LLC - New
$210,000Active1 beds 1 baths527 34th 29, Union City, NJ 07087
MLS# 26013060Listed by: ANTHONY J. RINALDI, REALTOR - New
$1,174,900Active-- beds 5 baths413 21st Street, Union City, NJ 07087
MLS# 26013406Listed by: EREALTY - New
$1,199,000Active5 beds 7 baths714 17TH ST, Union City, NJ 07087
MLS# 260007086Listed by: ACCESS HOMES REALTY - New
$549,995Active1 beds 1 baths649 38TH ST #PH505, Union City, NJ 07087
MLS# 260007059Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE GRP - New
$535,000Active1 beds 2 baths3312 Hudson 6E, Union City, NJ 07087
MLS# 26013219Listed by: REAL