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.

Based on information submitted to NJ_HCMLS_RETS as of November 6, 2026 12:25 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Property Details of 412 Monastery Place, Unit 10

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