4 days on Rocket
#250013739, Listing office: KELLER WILLIAMS CITY LIFE JC REALTY
Property details
About 512 Monastery Pl
Introducing 512 Monastery Place — The money maker! This prime 4-family investment property is ideally located just half a block from Bergenline Avenue and NYC transportation, making it a commuter’s dream. This well maintained building features three of the 4 units being renovated with modern finishes and layouts that attract high-quality tenants. Residents enjoy access to a private central courtyard, offering a unique sense of community and outdoor space rarely found in Union City multifamily properties. This also makes it pet friendly. All units have separate utilities (except for water), offering convenience and minimizing landlord overhead. One of the units has a second door leading to a finished basement with a large rec room and full bath. With a monthly gross rental income of $12,250 and low expenses, this property currently yields a solid 6.61% cap rate. Rents are registered higher with the township making future increases easy. Annual operating costs include approx $16,000 in taxes, $4,000 in insurance, and $3,000 for water. Roof & furnace 2 years young! Whether you’re looking to expand your portfolio or secure a strong cash-flowing asset in one of Hudson County’s most vibrant markets, 512 Monastery Place is the opportunity you’ve been waiting for.
Highlights
Home typeQuadruplex
HeatingBaseboard
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
BasementYes
MLS #250013804
Summary
- Full Bathrooms: 7
- Basement: Yes
- Total Bedroom Count: 11
- Architectural Style: Other-See Remarks
- Heating: Baseboard
- Cooling: Window Unit(s)
- List Price: $1,895,000
- Annual Tax Amount: $10,378
- Tax Year: 2024
- MLS Number: 250013804
- MLS Name: HudsonCountyNJ
- Office Name: REAL
- Office Phone: (855) 450-0442
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/12/2025, 1:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 08, 2023 | Home Sold | $800,000 |
| Jan 28, 2020 | Home Sold | $520,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $605,300 | $10,378 |
| 2022 | $135,000 | $9,969 |
| 2021 | $135,000 | $9,969 |
| 2020 | $135,000 | $9,589 |
| 2019 | $135,000 | $9,409 |
History based on county public records data.
Nearby schools
6
Colin Powell Elementary School
Public District KG-5
0.3 mi
•1500 New York Ave
5
Hudson Elementary School
Public District PK-3
0.3 mi
•167 19th St
6
Veterans' Memorial Elementary School
Public District PK-5
0.3 mi
•1401 Central Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,944. The most common annual income of people living in Union City, NJ is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
19%
<35k
66%
35k-100k
9%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
40%
Single, No Kids
23%
Single, with Kids
16%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
31%
18-34 yrs old
37%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 512 Monastery Pl
The listing price of 512 Monastery Pl property is $1,895,000.
The property 512 Monastery Pl is a multi located in Union City, New Jersey, 07087.
Active Listing: 512 Monastery Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 512 Monastery Pl are: Colin Powell Elementary School (GreatSchools Rating 6/10), Hudson Elementary School (GreatSchools Rating 5/10), Veterans' Memorial Elementary School (GreatSchools Rating 6/10), Emerson Middle School (GreatSchools Rating 6/10), Sara M. Gilmore Academy (GreatSchools Rating 10/10), John F Kennedy Elementary School (GreatSchools Rating 3/10), Jose Marti STEM Academy (GreatSchools Rating 8/10), Union City High School (GreatSchools Rating 3/10), Weehawken High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $10,378 (source: MLS/based on county public records data).
The last sale was on November 8, 2023 for $800,000 (source: MLS/tax record).
This home is located at 512 Monastery Pl in Union City, NJ and zip code 07087. Features: 11 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $1,895,000.
In June 2025, from all listings sold in Union City, NJ there were more than 4 sold above asking price, over 7 sold below and more than 5 were sold right at the asked price. The number of homes for sale in Union City, NJ increased by 18% between May and June 2025. Listings spent 44 days on the market in June 2025, and had a median list price of $485,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.