514 Monastery Place Union City, NJ 07087
Estimated payment $5,751/month
Highlights
- Living Room
- Central Air
- 5-minute walk to Ellsworth Park
- Sara M. Gilmore Academy Rated A-
- Heating Available
About This Home
Mixed use investment property for sale including three residential apartments and one commercial space. The commercial space is built-out as a commercial recording studio and is currently in operation on a month to month lease. The build-out of the recording studio will remain with the sale, and the equipment is also available separately. The three spacious apartments are all occupied and also on month to month leases. The two story building has over 4,000 sq ft of usable space across two floors. Located a few short blocks away from the Weehawken & Union City Reservoir Park and NYC bus routes. A plethora of restaurants and shopping around the corner of Bergenline Ave, plus just a short ride down to Hoboken.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,427
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 5 Bedrooms
Utilities
- Central Air
- Cooling System Mounted In Outer Wall Opening
- Heating Available
Additional Features
- Living Room
- Lot Dimensions are 50x70
Community Details
- Insurance Expense $8,784
- Utility Expense $7,452
- Water Sewer Expense $2,400
Listing and Financial Details
- Exclusions: Personal items.
- Legal Lot and Block 40 / 109
- Assessor Parcel Number 2845
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,589 | $695,900 | $282,300 | $413,600 |
| 2024 | $15,868 | $681,200 | $275,400 | $405,800 |
| 2023 | $15,868 | $206,400 | $85,500 | $120,900 |
| 2022 | $15,296 | $206,400 | $85,500 | $120,900 |
| 2021 | $15,243 | $206,400 | $85,500 | $120,900 |
| 2020 | $15,069 | $206,400 | $85,500 | $120,900 |
| 2019 | $14,661 | $206,400 | $85,500 | $120,900 |
| 2018 | $14,386 | $206,400 | $85,500 | $120,900 |
| 2017 | $14,250 | $206,400 | $85,500 | $120,900 |
| 2016 | $10,363 | $150,400 | $85,500 | $64,900 |
| 2015 | $10,184 | $150,400 | $85,500 | $64,900 |
| 2014 | $9,963 | $150,400 | $85,500 | $64,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/20/2025 08/20/25 | Price Changed | $899,000 | +1.1% | -- | |
| 08/20/2025 08/20/25 | For Sale | $889,000 | +30.7% | -- | |
| 06/18/2021 06/18/21 | Sold | $680,000 | +0.7% | -- | View Prior Sale |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- | |
| 04/08/2021 04/08/21 | For Sale | $675,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $680,000 | Fidelity National Ttl Ins Co | |
| Deed | $680,000 | Fidelity National Title | |
| Deed | $310,000 | None Available | |
| Deed | $145,000 | -- | |
| Deed | $75,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $544,000 | New Conventional | |
| Previous Owner | $248,000 | New Conventional | |
| Previous Owner | $130,500 | Purchase Money Mortgage |
Source: Hudson County MLS
MLS Number: 250017120
APN: 10-00109-0000-00035
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