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416 2nd St

Union City, NJ 07087
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Bed 9

Bed

Bath 6.5

Bath

416 2nd Street, Union City. Three furnished residences. Nine bedrooms. Six full baths. Private terraces. Parking. And projected gross income of approximately $187,200 per year. Welcome to 416 2nd Street—an investment opportunity built for today’s rental market. Built in 2008 and located alongside Washington Park, this substantial three-family offers three fully furnished 3-bedroom, 2-bath residences, each with central air, in-unit washer/dryer and a private terrace. The setup creates multiple rental strategies, including traditional leasing, corporate housing, relocation, insurance-displacement stays and extended work assignments. The numbers make the opportunity especially compelling. Current asking rents are $6,300 for Unit 1, $4,800 for Unit 2 and $4,150 for Unit 3, totaling $183,000 in projected annual residential income. Add approximately $350/month in potential parking income, and projected gross income reaches approximately $187,200 annually. With 2025 property taxes of approximately $21,915, estimated insurance of $3,300 and water/sewer of approximately $2,400 annually, a preliminary pro forma incorporating 5% vacancy and 5% repairs/reserves produces an estimated $140,865 NOI and approximately 7.83% projected cap rate at a $1,799,000 offering price, before landlord-paid utilities, management and other applicable expenses. Buyers should perform their own due diligence. Parking options provide additional convenience and potential income, while Washington Park, Hoboken, Light Rail, shopping, dining and transportation toward Jersey City and Manhattan help support a broad tenant pool. Newer construction. Three large furnished residences. Multiple rental strategies. $187,200 in projected gross annual income. Parking. In-unit laundry. Central air. Private outdoor space. For the investor looking for income, flexibility and a difficult-to-replicate Hudson County asset, 416 2nd Street deserves serious attention.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,800,000

AD Id : 90909090

MLS Id : 260017342

Beds : 9

Tax Amount : 21915.00

Year Built : --

Garage : 3

County : Hudson

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Full Baths: 6 Half Baths: 1

    Room Information

    Has Basement: Yes Basement: Finished, Full
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Construction Materials: Brick Private Pool: No

  • Listing Price Information

    Listing Price: $1800000

  • Tax Information

    Tax Lot: 30 Tax Year: 2025 Annual Tax: $21915

  • Parking Information

    Attached

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 3
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
202 41st St, Union City, NJ, 07087 $1,499,000 8 5 -- --
3414 Hudson Ave, Union City, NJ, 07087 $1,599,000 9 6 -- --
510 Lincoln St, Union City, NJ, 07087 $1,200,000 7 3 -- --
3507 New York Ave, Union City, NJ, 07087 $995,000 5 3 -- --
507 32nd St, Union City, NJ, 07087 $1,600,000 -- -- -- --
1515 Manhattan Ave, Union City, NJ, 07087 $599,000 -- -- -- --
2305 New York Ave, Union City, NJ, 07087 $1,090,000 6 3.5 -- --
1709 Palisade Ave, Union City, NJ, 07087 $849,000 6 3 -- --
414 24th St, Union City, NJ, 07087 $1,200,000 6 2 -- --
609 38th St, Union City, NJ, 07087 $875,000 6 3 -- --

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ByOwner last updated this listing 09/07/2026 @ 21:09

MLS: 260017342 LISTED BY: TAREK HASSIEB, PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY 201-795-5200 SOURCE: Hudson County MLS

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