Introducing an incredible investment opportunity, with this recently renovated 2-family home in a highly sought after part of Union City. Perfect for the astute investor, or a buyer looking for a new home that also generates rental income.Apartment #1 is on the ground floor and has an open plan layout perfect for entertaining. Views extend from the front door, through the kitchen and living area, onto the 16 foot deck and Maple tree in the landscaped garden.The apartment has 2 generously sized bedrooms, 1 bathroom and a fully furnished basement, with an office/3rd room, 2 large storage cupboards and a large open space. It also has exclusive access to the backyard.Apartment #2 is on the first floor and has 3 generously sized bedrooms, one master bedroom with an ensuite and 2 other bedrooms, along with a 2nd bathroom. Both apartments have central heating and AC, washer/dryers, along with separate gas and electricity.Apartment #1 would be delivered vacant, Apartment #2 has long term tenants.Transportation to NYC is minutes away, approximately 20 minutes to midtown Manhattan and 5 minutes to Wholefoods on the Weehawken waterfront.Whether you are looking for a spacious family home, a lucrative investment opportunity or both, this property at 2512 New York Avenue has it all, don't miss out on this incredible home!
Property Details
Property Features
Property Information:
Architectural Style: Multi-Level
Listing Office:
Office Name: YOUR TOWN REALTY LLC
Office Phone: (855) 600-2465
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 5
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $1,200,000
Tax Information:
Annual Amount: $10,297
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Union City, NJ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Robert Waters Elementary School
2800 Summit Ave
Distance between this listing and this school0.30 miles
Public District Grades PK-6
9
/10
Jefferson Elementary School
3400 Palisade Ave
Distance between this listing and this school0.36 miles
Public District Grades PK-4
5
/10
Hudson Elementary School
167 19th St
Distance between this listing and this school0.42 miles
Public District Grades PK-3
Nearby Schools
6
/10
Emerson Middle School
318 18th St
Distance between this listing and this school0.38 miles
Public District Grades 6-8
7
/10
Union Hill Middle School
3800 Hudson Ave
Distance between this listing and this school0.55 miles
Public District Grades 7-8
10
/10
Sara M. Gilmore Academy
1700 Kerrigan Ave
Distance between this listing and this school0.60 miles
Public District Grades 1-8
Nearby Schools
3
/10
Union City High School
2500 Kennedy Blvd
Distance between this listing and this school0.35 miles
Public District Grades 9-12
8
/10
Jose Marti STEM Academy
1800 Summit Ave
Distance between this listing and this school0.45 miles
Public District Grades 9-12
4
/10
Weehawken High School
53 Liberty Pl
Distance between this listing and this school0.74 miles
The neighbors living near this home have an average income of $47,375. Residents of Union City, NJ typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 2512 New York Ave in Union City, NJ and zip code 07087. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,200,000.
The inventory of homes for sale in Union City, NJ between September 2024 and October 2024 increased by 63.3%. While the average time on the market in October 2024 was 69 days, the median list price was $575,000.
From Rocket Homes Real Estate and based on county public records data.