5+ Mixed Use For Sale in Union City, NJ
MLS# : 25035601
PROPERTY DETAILS
PROPERTY DESCRIPTION
This mixed-use property features four residential one-bedroom units and two commercial units, including a Zumba school and a religious facility. Generating a gross income of $126,700 with expenses of $36,240 and a NOI of $90,460, it offers strong income-producing potential. Located within the Swiss Town Redevelopment Area, the property sits in a redevelopment zone with potential for future high-rise or mixed-use development, subject to township approvals. It provides prime transportation access to New York City, with NJ Transit buses and shuttles stopping directly in front of the building. Renovated in 2011 with updated electric and plumbing systems and connected to a central station alarm service, the property also features a backyard facing 30th Street that can potentially be converted into a parking area, subject to township approvals and permissions. A rare investment opportunity combining steady income and redevelopment potential in a highly desirable, transit-accessible location. The address is also known as 811 30th Street.
Amenities
This listing is a courtesy of The Agency Rutherford Realty Inc.
201-939-7500 office, listing agent Julia Gulden Dagistanli
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): | $538,957 |
| Homes Sold* (12mo): | 8 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $442,228 |
| Apatments Sold* (12mo): | 135 |
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 : | $575,000 - 1,400,000 | 4 |
| Condos : | $190,000 - 1,400,000 | 60 |
| Co-ops : | $285,000 - 595,000 | 18 |
| Twnhs : | $949,000 - 949,000 | 1 |
| 2-4 Fam : | $627,000 - 1,395,000 | 20 |
| 5+ Fam : | $1,075,000 - 1,099,000 | 2 |
| Land : | $450,000 - 3,990,000 | 3 |
| Rentals : | $1,800 - 3,700 | 15 |
| Mixd Use : | $1,075,000 - 2,650,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $50,000 - 80,000 | 4 |
