5+ Mixed Use For Sale in Union City, NJ
MLS# : 25015023
PROPERTY DETAILS
PROPERTY DESCRIPTION
Nestled in the vibrant heart of Union City at 123 47th Street, this well-maintained 6 family property presents an exceptional investment opportunity. The building features a desirable unit mix of 3, two-bedroom, one-bathroom apartments and 3, three-bedroom, one-bathroom apartments, appealing to a wide range of tenants. A significant advantage for residents is the inclusion of tandem parking for two vehicles, a valuable amenity in this bustling urban locale. With separated gas and electric utilities you can cut that cost from operating expenses. For commuters, the property boasts excellent access to public transportation, with several bus lines conveniently located nearby, offering swift connections to New York City and other parts of New Jersey. ?Residents can reach bus stops along Bergenline Avenue, a major thoroughfare in the area. Notably, the NJ Transit Bus Route #123 is located nearby with a direct connection to Port Authority with a commute time of approximately 15-20 minutes. NJ Transit Bus Routes #84 and #86 provide access to Journal Square PATH in Jersey City and the #154, #156, and #159 offer alternative routes to New York City, catering to different destinations within Manhattan.
Amenities
This listing is a courtesy of EXP Realty, LLC
866-201-6210 office, listing agent Dean Clark
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): | $502,600 |
| Homes Sold* (12mo): | 11 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $440,638 |
| Apatments Sold* (12mo): | 143 |
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 : | $320,000 - 489,000 | 3 |
| Condos : | $148,888 - 1,350,000 | 67 |
| Co-ops : | $249,000 - 595,000 | 17 |
| Twnhs : | $489,000 - 799,000 | 3 |
| 2-4 Fam : | $550,000 - 1,250,000 | 16 |
| 5+ Fam : | $949,000 - 1,299,000 | 4 |
| Land : | $333,000 - 999,000 | 3 |
| Rentals : | $1,700 - 5,000 | 10 |
| Mixd Use : | $790,000 - 2,650,000 | 9 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $74,900 - 250,000 | 2 |
