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414 Monastery Pl

Union City, NJ 07087
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Bed 11

Bed

Bath 4

Bath

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 uni ts 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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Detail Ic Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 77990797

MLS Id : 260008335

Beds : 11

Year Built : --

County : Hudson

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Feature Features

  • Bedroom Information

    Total beds: 11

    Bathroom Information

    Full Baths: 4

    Room Information

    Has Basement: Yes Basement: Unfinished
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Construction Materials: Shingle Siding Private Pool: No

  • Listing Price Information

    Listing Price: $899000

  • Tax Information

    Annual Tax: $16980
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ByOwner last updated this listing 06/08/2026 @ 19:09

MLS: 260008335 LISTED BY: JASON NAGGIAR, SERHANT NEW JERSEY LLC 973-315-5959 SOURCE: Hudson County MLS

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