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SOLD 250707

55-61 CHESTNUT ST. #59B

Union City, NJ

$736,789

1,230

Sq. Ft.

$599

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$736,789

Total Assessed

$428,000

Sale vs. Assessed

+$308,789 (+72.1%)

Land Value

$237,500

Building Value

$190,500

Union City Market Overview

$945,000

Median Price

177

Total Sales

-20.5%

Year over Year

Buyer's

Market Type

📊 Investment Analysis

$5,158

Est. Monthly Rent

$5,331

Est. Mortgage

6.76% · 20% down

-$173

Monthly Cash Flow

8.4%

Cap Rate

-1.4%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 6.76% interest rate, 20% down payment. For illustrative purposes only.

🏘 Union City Neighborhood Guide

Walk Score

Walker's Paradise

Min to NYC

Direct train

Bergenline Avenue (Light Rail)

Train Station

Hudson-Bergen Light Rail + NJ Transit Bus 154/128

Neighborhoods in Union City

North Bergenline (32nd to 40th) $400,000 to $560,000

Best for: Value buyers, Spanish speaking communities, transit commuters

Central Bergenline (20th to 32nd) $500,000 to $700,000

Best for: Historic brownstone buyers, Latin cultural immersion, multi family investors

South Bergenline (8th to 20th) $450,000 to $600,000

Best for: LGBTQ plus communities, car free living, transit dependent residents

Downtown (Hoboken Border) $500,000 to $700,000

Best for: Hoboken proximity seekers, mid rise condo buyers, Manhattan view hunters

Washington Park Area $450,000 to $600,000

Best for: Families seeking green space, park proximity, walkability

Summit Avenue $380,000 to $530,000

Best for: Two family home seekers, skyline view chasers, Dominican community

Transfer Station Area $400,000 to $550,000

Best for: Transit maximizers, multi modal commuters

New York Avenue $380,000 to $500,000

Best for: Quiet residential seekers, budget conscious buyers

Boulevard East Overlook $500,000 to $700,000

Best for: Skyline view premium, scenic living, photography enthusiasts

North Bergen Border $380,000 to $500,000

Best for: Industrial workers, bilingual communities, budget entry to Hudson County

Union City is the most densely populated city in New Jersey and one of the most densely populated in the United States, with 66,000 residents packed into 1.3 square miles along the Hudson Palisades directly across from Manhattan. Formed in 1925 from the merger of Union Hill and West Hoboken, it earn...

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