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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