Active

1408 New York Ave

Union City NJ, 07087

$1,000,000


$307.69 per sqft

Active

3,250 sqft

Commercial

Built in 1908

**BEING SOLD AS PACKAGE DEAL WITH 1406 NEW YORK AVE, UNION, CITY, NJ ($500,000) - BOTH LOTS ASKING PRICE $1,500,000**Welcome to a prime investment opportunity in the heart of Union City! This mixed-use building at 1408 New York Ave is perfectly situated in a bustling neighborhood, making it an ideal location for business and residential living. Currently operating as a successful plumbing business, this property features a spacious commercial unit on the ground floor, complemented by two well-appointed apartment units above, providing a steady income stream.**Property Highlights:**- **Zoning:** C-N Neighborhood Commercial, allowing for a variety of business and residential uses.- **Commercial Space:** Generous retail/service area, perfect for continuing the current plumbing business or launching your own venture.- **Residential Units:** Two comfortable apartment units, unit 1 offering two bedrooms/ two bathrooms and unit 2 offering one bedroom/ one bathroom, offering additional rental income or owner-occupant potential.- **Package Sale:** This property must be sold as a package with 1406 New York Ave, creating a comprehensive investment opportunity. **Appraisal Value:** Both Lots Recently appraised at $1,720,000, offering significant value at the listing price of $1,500,000.

3943528

MLS ID

January 29, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric, Forced Air

Exterior/Building Features

Lot Size

0.07 Acres


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Taxes

$18,380


Tax Frequency

Annually


Days on Market

4


Garage

Yes


Garage Spaces

4


Parking Total

4


View

No


County

Hudson


Water Source

Public


Pool

No


Zoning

C-N

Courtesy of UNITED REAL ESTATE with LEONARDO TATIS,
Listing Contact: 8885016953 

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