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$ 1,190,000
Est. payment | /mo
4.5 Baths
$ 1,190,000
Est. payment | /mo
4.5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260012824
Full Baths 4
Half Baths 1
Annual Tax Amount $21,674
Lot Dimensions 1900
Property Sub-Type Investment
Property Description
Location! Location! Location! Ideally situated on Summit Avenue in Union City, this mixed-use investment property enjoys a highly visible location in one of Hudson County's most established commercial and residential corridors. The property benefits from excellent access to NJ Transit buses with convenient service to Midtown Manhattan and is just minutes from the Lincoln Tunnel, making it highly desirable for commuters. Surrounded by local businesses, restaurants, shopping, schools, parks, and everyday conveniences, the area supports strong demand for both residential and commercial space. Union City's high population density, walkability, and proximity to New York City continue to make it an attractive market for investors seeking stable rental demand and long-term appreciation. The property features two 2-bedroom apartments, two 1-bedroom apartments, and one commercial storefront, generating approximately $109,000 in annual gross income, with operating expenses of approximately $38,000 and a Net Operating Income (NOI) of approximately $71,000. This is a rare opportunity to acquire a well-located, income-producing asset in one of Northern New Jersey's most sought-after commuter markets.
Location
State NJ
County Hudson
Area Union City
Listed by THE AGENCY - RUTHERFORD
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