Commercial space For Sale in Union City, NJ
 

MLS# : 1942125

Street : 4503 Park Avenue
Price : $500,000
Town : Union City, NJ 07087
Annual Taxes : $12,200

PROPERTY DETAILS

Use : Retail
Type : Other
Utilities : O/See Rmks
Heat/Cool : Baseboard, Electric, Gas, Radiant, Wall A/C
Waterfront : None

PROPERTY DESCRIPTION

AMAZING LOCATION AND RARE INVESTMENT OPPORTUNITY ! THIS MIXED USED PROPERTY IS LOCATED ON THE MOST SORT AFTER AVENUE OF UNION CITY (PARK AVENUE) AND BORDERING NEIGHBORING WEEHAWKEN N.J.. THIS BUILDING OFFERS TWO THREE BEDROOM RESIDENTIAL APARTMENTS AND ONE COMMERCIAL UNIT. ALL FULLY RENTED, AND RESIDENTIAL IN NEED OF UPGRADES AND RENTED WELL BELOW MARKET RATES (OPPORTUNITY). LESS THAN 2 MILES AWAY FROM THE LINCOLN TUNNEL ENTRANCE, WITH EASY ACCESS TO HOBOKEN, JERSEY CITY AND MIDTOWN NYC. TWO BLOCKS FROM JFK BLVD EAST WITH CONSTANT DOORSTEP TRANSPORTATION (NJ TRANSIT) TO NYC EVERY FEW MINUTES! THIS INVESTMENT WILL NOT LAST AS THIS IS A RARE OPPORTUNITY TO BUY A MIXED USE PROPERTY ON THIS COMMERCIAL AVENUE. ANY UPGRADES PERFORMED WILL CREATE THE TREMENDOUS UPSIDE FOR THIS INVESTMENT. PRICED COMPETITIVELY AND REFLECTIVE OF RESIDENTIAL CONDITION. OFFERED AND SOLD STRICTLY 'AS IS '. CONTACT AGENT FOR FURTHER DETAILS IF NEEDED.

Amenities

This listing is a courtesy of Garabedian Realty Group LLC

MADISON ADAMSTM

office: 201-760-1100
725 River Road, Suite 215
Edgewater, NJ 07020
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


About Union City, NJ

Population:  65,551
Total Housing Units:  22,411
Single Family Homes:  5,756
Apartments:  16,655
General Tax Rate (2018):  6.964%
Effective Tax Rate (2018):  2.667%
Compare To Other Towns

Union City Market Indicators

PRICE INDEX

Average Price* (12mo):  $380,415
Homes Sold* (12mo):  28
PRICE INDEX
SINGLE FAMILY HOME SALES

Union City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $320,741
Apatments Sold* (12mo):  149
PRICE INDEX
APARTMENT SALES

Union City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2018):  6.964%
Effective Tax Rate (2018):  2.667%
GENRAL TAX RATE - Union City, NJ



The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 10/15/2019 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2019 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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