414 MONASTERY PL, Union City, NJ 07087

Union City
Local realty services provided by:Better Homes and Gardens Real Estate Elite
414 MONASTERY PL,Union City, NJ 07087
$899,000
  • - Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jason naggiar
Office: serhant new jersey llc.973-315-5959
MLS#:260008335
Source:NJ_HCMLS

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...

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Home facts

  • Listing ID #:260008335
  • Added:58 day(s) ago
  • Updated:August 02, 2026 at 03:17 PM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:4
  • Basement Description:Unfinished

Heating and cooling

  • Cooling:A/C Window, Gas
  • Heating:Baseboard, Gas

Structure and exterior

  • Architectural Style:Multi-Level
  • Construction Materials:Shingle

Finances and disclosures

  • Price:$899,000
  • Tax amount:$16,980
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