Single Family Home For Sale in Union City, NJ
MLS# : 26012269
PROPERTY DETAILS
PROPERTY DESCRIPTION
414 Monastery Place - Opportunity Without Ceiling. Can be delivered vacant and ready to go, 414 Monastery Place is a rare chance to step into a high-upside asset in one of Union City's most accessible and evolving pockets. Whether you are an end user looking to create your own space or an investor targeting strong future resale, this is a clean slate with real leverage. This remarkable triple deed lot with a massive outdoor space is a one of a kind setup. The property comes with plans in motion for renovation (buyer to verify), giving you a head start on unlocking its full potential. With the right vision, this becomes a significantly more valuable asset - period. Location matters here. You are a minutes from NYC transit, surrounded by consistent rental demand, and positioned in a market where renovated product continues to outperform. Delivered vacant, you have flexibility: Renovate and resell for maximum upside; Customize and move in; Execute a long-term hold strategy with strong rental potential. In today's market, the deals that make the most money are the ones where you can create value. This is one of them. This is not turnkey. This is opportunity.
Amenities
Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
This listing is a courtesy of Serhant New Jersey LLC
201-814-6000 office, listing agent Jason Naggiar
About Union City, NJ Real Estate Market
The Union City is situated atop the ridge of the lower Hudson Palisades. Due to a high elevation, the city offers clear views of surrounding municipalities like New Jersey Meadowlands and New York City Skyline. It shares its borders with other parts of Hudson County, such as Jersey City, Hoboken, Weehawken, North Bergen and West New York.
The formation of Union City as a city happened in 1925 by an act of the New Jersey Legislature. Union City was established by merging Union Hill and West Hoboken Township. The city’s name got derived from the names of these two municipalities. In its early stages, Union City was inhabited by German and Spanish speaking people.
Union City is divided into two parts by New Jersey Route 495, which resulted in the renaming of many street names in the city. Most of the homes for sale in this part of Hudson County are located on streets like 32nd Street, Hackensack Plank Road and Bergen Turnpike, which form Union City’s urban grid.
| Population: | 65,551 |
| Total Housing Units: | 22,411 |
| Single Family Homes: | 5,756 |
| Apartments: | 16,655 |
| General Tax Rate (2025): | 1.848% |
| Effective Tax Rate (2025): | 1.859% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $759,435 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $426,969 |
| Apatments Sold* (12mo): | 130 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2025): | 1.848% |
| Effective Tax Rate (2025): | 1.859% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $479,000 - 1,049,000 | 8 |
| Condos : | $192,600 - 1,499,000 | 61 |
| Co-ops : | $265,000 - 649,000 | 24 |
| Twnhs : | $875,000 - 1,049,000 | 2 |
| 2-4 Fam : | $649,000 - 1,450,000 | 17 |
| 5+ Fam : | $875,000 - 1,900,000 | 4 |
| Land : | $299,000 - 299,000 | 1 |
| Rentals : | $2,200 - 3,895 | 9 |
| Mixd Use : | $649,000 - 2,650,000 | 10 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 500,000 | 10 |
