See Home Value
$1,022,857*
Commercial - Off Market

531 28TH ST

Union City, NJ 07087
bedrooms
Studio
bathrooms
0 Bath
$702,000 - $858,000
Reference Base Price*
31.14%
Since Dec 1, 2020
NY-New York
Primary Model

About This Property

Well priced 5 units building with 7% cap rate. Amazing legal rents. Just check it out!  It's also located few steps away from the Famous Bergenline Ave and 2 blocks to bus stops that takes you to Port Authority in just about 10 - 15 mins. Very close to the Lincoln tunnel. Can't be a better investment opportunity for you.  Newly renovated #1R and Basement, new tub in apt #2L and #2R. New Water Heaters installed over a period of last 3 years. Separate utilities for each apartments. Well maintained building.   Each of the 3 level has different layout.   Basement (newly renovated): leads to the backyard where lots of vegetation is grown with passion and love. It also has separate storage.  Level 1: #1R is newly renovated and has railroad layout. #1L can be newly renovated after the owners moveout and can be brought to the market rent.  Level 2: #2R has unique layout which is designed very intelligently and smartly to remove the railroad style and to create privacy for the 2 bedrooms.  Sold AS IS. The seller will not do any fixes or repairs.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$9,061
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
Nov 10, 2020 No longer available -
No longer available
Sep 3, 2020 Listed $780,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$789,900 Nov 30, -0001
$810,000 Nov 14, 2023
-
Multifamily
Stu
-
-
$799,000 Nov 30, -0001
$750,000 Jul 5, 2022
-
Mixed Use
Stu
-
-
$720,000 Jul 5, 2023
$720,000 Jul 5, 2023
$806/mo
Multifamily
Stu
-
-
$689,000 Nov 30, -0001
$699,000 Dec 8, 2023
-
Mixed Use
Stu
-
-
$680,000 Dec 14, 2023
$680,000 Dec 14, 2023
$1,122/mo
Multifamily
Stu
-
-
$650,000 Nov 30, -0001
$720,000 Oct 11, 2022
-
Commercial
Loft
-
-
$875,000 Jun 19, 2023
-
$1,031/mo
Mixed Use
Stu
-
-
$799,000 May 30, 2023
-
$1,011/mo
Mixed Use
Stu
-
-
$849,000 Jan 10, 2024
-
$814/mo
Mixed Use
Stu
-
-
$899,900 Oct 2, 2023
-
$1,155/mo
House
4 Beds
2 Baths
-
$775,000 Dec 28, 2023
-
$821/mo
Multifamily
10 Beds
3 Baths
-
$799,900 Jul 6, 2022
-
$916/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220726
07/26/2022
9 Bed
5 Bath
-
$915,000
bedrooms
9 Bed
bathrooms
5 Bath
-
-
-
Rosa A. Lopez-Castro
Coldwell Banker, Fort Lee
20200903
09/03/2020
Loft
-
-
$780,000
bedrooms
Loft
bathrooms
-
-
-
-
VARSHA SHAH
EXP REALTY LLC

Building Info

531 28th Street 531 28th Street, Union City, NJ 07087
  • 2 Units for Sale
More about this Building
531 28th Street
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About Union City


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