138 19th Street Union City, NJ

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1 138 19th Street Union City, NJ

2 Executive Summary LOCATION: BUILDING/ UNITS: th Street between Palisade Avenue and Mountain Road, Union City, NJ Eight (8) Large Apartments Basement Laundry Additional Basement Storage Block # / Lot# PROPERTY CLASS: LOT SIZE: APARTMENT - 4C, Zoned R-MF 25 x Acres BUILDING SQUARE FOOTAGE: NUMBER OF STORIES: 6,636 Fully rented building with a history of steady income and reliable tenants provides initial value, while below market rents and room for renovation provides a value-add opportunity and significant upside. Ideally situated within blocks of it all this location provides easy access to major throughways, public transit, parks, shopping, and the waterfront. An easy NYC commute makes it a desirable rental property and easy to fill. This building is close to the cliffs, offering unobstructed NYC views from several of the units. It is also ideally situated to take advantage of the upcoming Union Waterfront development and all it has to offer. Separate electric, gas, hot water for all units. Owner pays building water/sewer. CONDITION: Well maintained and fully occupied. Some units renovated. Steady income and easy to manage ASKING PRICE: $1,199,000 4 Amazing opportunity to own a solid earner in up and coming Union CIty. This 4 story building features eight residential units in a prime location, with small outdoor space, blocks from the waterfront. UTILITIES: Several units are already renovated, including some with air conditioning. Others provide an opportunity for upside. Easy to manage building can be as hands-off as you want it to be, with an already proven financial model and established tenants. The sky is the limit as Union City continues to grow - Now is the time to take your piece of it.

3 Lincoln Tunnel Port Authority Firefighter s Memorial Park 1 min To Bus Hoboken

4 Building Features HIGHLIGHTS: Large Units In-Building Laundry Facilities (Basement) Storage Space for Owner or Tenants (Basement) Income Opportunity for each of these amenities Small Backyard Steady Income Developing Area Prime Location NYC Views from Some Units Upcoming Union Waterfront Union City - Up and Coming Market Minutes to PABT by NJTransit Bus, closest stop around the corner from the building Alternately, Union City provides easy access to PATH Train from Hoboken or Jersey City, the Ferry out of Weehawken, or the nearby Lincoln Tunnel Multiple new developments and construction projects continue to improve real estate values over time. Rich dining scene, with an influx of new businesses, shopping centers and other economic developments that continue to improve the neighborhood NYC Views Easy to Manage Fully occupied by long-term tenants Some Renovated Units, Some with A/C Building in good condition and well maintained, no major improvements needed Separate metered major utilities, with only a low owner output for sewer, water, and common area electric.

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7 Building Financials Rent Roll Income & Expense Unit Apartment Type Monthly Rent Annual Rent Gross Income $ 102, #1 Studio $ 1, $ 12, PSE&G $ (1,620.00) #2 2 Bed, 1 Bath $ 1, $ 14, Insurance $ (4,278.52) #3 2 Bed, 1 Bath $ 1, $ 14, Real Estate Taxes $ (17,167.13) #4 2 Bed, 1 Bath $ 1, $ 15, Water $ (3,196.70) #5 2 Bed, 1 Bath $ $ 7, Sewer $ (5,527.98) #6 2 Bed, 1 Bath* $ 1, $ 14, Super $ (1,800.00) #7 2 Bed, 1 Bath $ $ 6, Management (3%) $ (3,071.19) #8 2 Bed, 1 Bath* $ 1, $ 14, Laundry - $ $ 2, Total $ 8, Total Expenses $ (36,661.52) $ 102, *Renovated with A/C

8 Investment Highlights Asking Price $1,199,000 Gross Rental Income $ 102, Total Expenses $ 36, NOI $ 65, CAP 5.5%

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10 Contact Information Cell: Office: Fax: ZOHAR ZACK ZAMIR Broker Associate, Founder The Zamir Group - Keller Williams Town Life 94 River St Hoboken, NJ Fair Lawn Ave Fair Lawn, NJ Washington St Tenafly, NJ 07670