Commercial space For Sale in Union City, NJ
MLS# : 250013115
PROPERTY DETAILS
PROPERTY DESCRIPTION
Offered as a package deal, 1406 and 1408 New York Ave in Union City, NJ present a rare and valuable investment opportunity in a high-demand area. 1406 New York Ave is a mixed-use building featuring a ground-level commercial unit currently occupied by a successful plumbing business, along with two residential units above—one offering two bedrooms and two bathrooms, and the other a one-bedroom, one-bathroom layout—providing solid income potential or owner-occupancy options. Zoned C-N (Neighborhood Commercial), the property allows for a variety of business and residential uses. Included in the sale is 1408 New York Ave, a garage currently used as a warehouse offering approximately 3,000 sq ft of open space with 13 ft ceilings, ideal for storage, operations, or redevelopment. These properties must be sold together, offering a unique blend of commercial, residential, and industrial flexibility with strong upside potential.
Amenities
This listing is a courtesy of WEICHERT REALTORS
201-333-4443 office, listing agent SANDY E CUEVAS
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 |
