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1414 NEW YORK Ave
Union City, NJ 07087

$2,600,000 USD

Storefront Retail Residential For Sale  •  4,500 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 4,500 SF
  • Lot Size 0.07 AC
  • Building Class B
  • Year Built 2021
  • Cap Rate 5.18 %
  • Tenancy Multiple
  • Zoning 4C
80 Transit Score
96 Walk Score

Highlights

Great Corner Mixed Use Retail/Commercial Spaces (2 Stores) with 2 Luxury Apartments
Commercial is paying NNN Leases
Residential (two 2BR apartments) with views of Hudson Yards and 14 foot ceilings
High visibility, big middle school across the street and 3 other schools within walking distance
2 Car Parking

Financial Summary (Actual)

Net Operating Income: $134,688 USD (2024)
Cap Rate: 5.18 %
Total Expenses: $30,232 USD

Major Tenants

Tenant SF Occupied Lease End Date
Pabade Bakery
Supreme Canine 9/2/2026

Amenities

  • Corner Lot
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH)) 9 min - 2.6 mi
Secaucus Junction (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit), Pascack Valley Line - NJ Transit Commuter Rail (NJ Transit)) 10 min - 3.7 mi
AirportDriveWalkDistance
Newark Liberty International 16 min - 11.9 mi
LaGuardia 29 min - 12.9 mi
John F Kennedy International 40 min - 21.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Anthony Gomez 917-750-7687 REMAX Commercial Investment Associates
Anthony Gomez 917-750-7687 REMAX Commercial Investment Associates