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512 Monastery Pl, Union City, NJ 07087

For Sale

$1,895,000

11 beds • 7 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Basement
    Rooms

Explore this Property

Introducing 512 Monastery Place The money maker! This prime 4-family investment property is ideally located just half a block from Bergenline Avenue and NYC transportation, making it a commuter s dream. This well maintained building features three of the 4 units being renovated with modern finishes and layouts that attract high-quality tenants. Residents enjoy access to a private central courtyard, offering a unique sense of community and outdoor space rarely found in Union City multifamily properties. This also makes it pet friendly. All units have separate utilities (except for water), offering convenience and minimizing landlord overhead. One of the units has a second door leading to a finished basement with a large rec room and full bath. With a monthly gross rental income of $12,250 and low expenses, this property currently yields a solid 6.61% cap rate. Rents are registered higher with the township making future increases easy. Annual operating costs include approx $16,000 in taxes, $4,000 in insurance, and $3,000 for water. Roof & furnace 2 years young! Whether you re looking to expand your portfolio or secure a strong cash-flowing asset in one of Hudson County s most vibrant markets, 512 Monastery Place is the opportunity you ve been waiting for.
MLS# 250013804

Courtesy Of Real Broker, LLC

(855) 450-0442

Property Features

  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Baseboard
  • Rooms
    Basement

Map and Directions

Directions to 512 Monastery Pl, Union City, NJ 07087

Home seller CENTURY 21 Realty Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty Group

(201) 854-8888
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial 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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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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