Commercial space For Sale in Union City, NJ
MLS# : 250013093
PROPERTY DETAILS
PROPERTY DESCRIPTION
Attention Investors! Opportunity at 2505 Central Avenue, Union City, NJ — an exceptional seven luxury 2bedrooms apartments. This meticulously renovated property invites you with its impressive 14 bedrooms and 8 bathrooms, perfect for a versatile living experience, spread across three floors and basement, showcasing three distinct layouts options, totaling over 4,500 sq ft. The property is essentially a new build within the exisiting shell boast a completely new foundation, roof and siding. Inside you will find new framing, energy sufficient windows and doors.The comprehensive upgrade extends to new plumbing ,electrical systems, sprinkler system ensuring reliability and safety. Step inside to discover a beautifully designed space featuring vinyl floors that enhance the contemporary aesthetic of this midrise building. Each unit is thoughtfully equipped with video intercome system, central air conditioning, ensuring a pleasant climate year-round, and boasts a convenient laundry setup. The heart of each unit is the contemporary kitchen, adorned with sleek finishes. stainelss steel appliances , ample storage space and soft closing cabinets crafted for both functionality and elegance. Modern bathrooms equipped with stylish vanity, tub or shower and walls with ceramic tiles. This building making it a standout choice in a sought-after location with easy access to major transportation routes,1-9, I-95, Lincoln tunnel, NYC Embrace the rental opportunity or condominium conversion at 2505 Central Avenue! -
Amenities
This listing is a courtesy of COMPASS
201-683-0955 office, listing agent AGNIESZKA SYDOR
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 (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $450,207 |
| Homes Sold* (12mo): | 7 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $436,553 |
| Apatments Sold* (12mo): | 132 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $489,000 - 1,250,000 | 4 |
| Condos : | $85,000 - 1,275,000 | 75 |
| Co-ops : | $249,000 - 649,000 | 27 |
| Twnhs : | $489,000 - 1,489,900 | 4 |
| 2-4 Fam : | $599,000 - 1,489,900 | 14 |
| 5+ Fam : | $1,075,000 - 1,099,000 | 2 |
| Land : | $333,000 - 1,695,000 | 4 |
| Rentals : | $1,700 - 3,850 | 14 |
| Mixd Use : | $1,075,000 - 2,650,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $74,900 - 250,000 | 4 |
