2513 West St 7 Unit Apartment Building $1,080,000 ($154,286/Unit) 6.75% Cap Rate Union City, NJ 07087

Investment Summary
Century 21 Preferred Realty is proud to present 2513 West St.?, a stabilized multifamily investment opportunity located in one of Northern New Jersey’s most consistently performing rental markets.?
The property benefits from strong in-place cash flow, reliable tenant retention, and the durability of solid brick construction, making it an attractive turnkey investment for both seasoned and emerging multifamily investors.? Positioned in the heart of Union City, the asset offers convenient access to major transportation, shopping, dining, and direct connectivity to New York City, further supporting long-term rental demand and future appreciation potential.?
• Direct NJ Transit bus access to Manhattan
• Close proximity to the Lincoln Tunnel
• Access to major highways including Route 495 and the NJ Turnpike
• Strong local retail, restaurants, and neighborhood amenities
?Property Type: Multifamily Residential
?Number of Units: 7
?Unit Mix: (7) Two-bedroom, one-bath units
?Building Condition: Well-maintained, all-brick construction
?Occupancy: 100% Fully Occupied
Financial Overview
?Gross Annual Income: $125,304 Net Operating Income (NOI): $72,923
?Cap Rate: 6.75% -Cap rate is in align with Union City Marketshare
?Range for cap rates in Union City are 6 - 7.2%
?1 Furnace- Heat is paid by owner
?2 Hot water tanks-hot water paid by owner
Investment Highlights
? Turnkey Asset – Fully occupied with stable cash flow from day one.
? Desirable Location – Union City remains a high-demand rental market, benefiting from proximity to New York City.
? Strong Market Fundamentals – A dense, commuter-friendly area with continuous rental demand.
? Low Maintenance Asset – All-brick construction with well-kept interiors and common areas.
? Attractive Unit Layouts – Box-style two-bedroom apartments maximize livability and rental desirability.
All interested buyers are required to submit a preliminary non-binding offer along with proof of funds prior to scheduling any property showings. The tenants have not been notified of the sale, and ownership is looking to ensure that only qualified and serious buyers are granted access.