608 New York Ave

    Union City, NJ 07087
    • $449,000
    • STATUS: Active
    • ON SITE: 139 days
    • ID#: 190022201
    Price Reduced
    UPDATED: 43 min ago
    $449,000
    • 0
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    Great location in rapidly growing area of Union City! Large mix-use building on 25x100 lot with 100% lot coverage. 2200 sqft retail space with 12 ft high ceilings and no columns on New York Ave, month to month tenant paying $1530/mo, no rent control, possible to increase rent over $2000/mo with improvements to building. 2nd floor 2 bedroom apartment recently renovated and rented for $1700/mo. Easy access to bus into NYC and major highways. Collect immediate income with over 6% cap rate or raise rents to market and enjoy over 8% CAP and hold as an investment or open that business you always wanted. Do not disturb tenants. Contact agent for access. Note this property requires a commercial loan or cash purchase.

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    © 2020 Hudson County Multiple Listing Service. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2020-03-31T18:25:47.397.
    www.daunnorealty.com/homes/100869510

    608 New York Ave Union City, NJ 07087

    • Price: $449,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 190022201
    0
    Beds
    1
    Baths
    1
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Union City
    Area:
    Union City
    Property Description
    Great location in rapidly growing area of Union City! Large mix-use building on 25x100 lot with 100% lot coverage. 2200 sqft retail space with 12 ft high ceilings and no columns on New York Ave, month to month tenant paying $1530/mo, no rent control, possible to increase rent over $2000/mo with improvements to building. 2nd floor 2 bedroom apartment recently renovated and rented for $1700/mo. Easy access to bus into NYC and major highways. Collect immediate income with over 6% cap rate or raise rents to market and enjoy over 8% CAP and hold as an investment or open that business you always wanted. Do not disturb tenants. Contact agent for access. Note this property requires a commercial loan or cash purchase.
    Exterior Features

    Lot Size 25X100 Number Parking Spaces 0 Stories 2

    Interior Features

    Two Bedrooms 1

    Property Features

    Commercial Type Investment Flood None Free Standing No Fuel Gas Gross Income 40800 Internet Yes Lead Paint Form Yes Mixed Use Yes Operating Expenses 16713 Studios 1 Taxes 13673

    Listing provided courtesy of Avenue Residential:201-205-2161.


    © 2020 Hudson County Multiple Listing Service. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2020-03-31T18:25:47.397.
     
    Daunno Realty Services, LLC
    251 Westfield Ave.
    Clark NJ, 07066