414 MONASTERY PL, Union City, NJ 07087
Local realty services provided by:CENTURY 21 Alliance Realty
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 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....
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Home facts
- Listing ID #:260008335
- Added:106 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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