Commercial space For Sale in Union City, NJ
MLS# : 240000739
PROPERTY DETAILS
PROPERTY DESCRIPTION
Introducing an unparalleled investment opportunity in the heart of Union City. This exclusive offer is tailor-made for savvy investors seeking a prime real estate opportunity, whether for portfolio diversification, a 1031 exchange, or long-term wealth creation. Nestled in Union City, just minutes away from the bustling energy of New York City, this asset boasts a central location that enhances its attractiveness to both residents and potential investors. From spacious 1 bedrooms to multi-bedroom units, this caters to a wide range of tenants, ensuring consistent rental income. Ideal for those looking to optimize their investment portfolio, this property offers a strategic blend of location, diverse housing options, and growth potential. The proximity to New York City adds an extra layer of appeal, making it a sought-after choice for discerning investors. This property provides a resilient and lucrative investment avenue. The Union City market, coupled with its proximity to New York City, positions this asset as a reliable source of passive income.
Amenities
This listing is a courtesy of SYNERGY REALTY GROUP
201-861-5504 office, listing agent MARCELO MOYA
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): | $563,786 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $415,093 |
| Apatments Sold* (12mo): | 133 |
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 : | $489,000 - 998,000 | 6 avail |
| Condos : | $85,000 - 1,399,999 | 53 avail |
| Co-ops : | $248,000 - 589,900 | 15 avail |
| Twnhs : | $489,000 - 489,000 | 1 avail |
| 2-4 Fam : | $550,000 - 1,899,000 | 22 avail |
| 5+ Fam : | $849,000 - 1,999,000 | 8 avail |
| Land : | $400,000 - 999,000 | 3 avail |
| Rentals : | $2,100 - 5,000 | 14 avail |
| Mixd Use : | $825,000 - 2,650,000 | 15 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $81,900 - 250,000 | 3 avail |
