Commercial space For Sale in Union City, NJ
MLS# : 240012931
PROPERTY DETAILS
PROPERTY DESCRIPTION
Excellent Investment Opportunity in Union City, New Jersey Great opportunity to acquire a five-family building situated in the bustling center of Union City! This property consists of four units with one bedroom and one bathroom each, alongside one unit featuring two bedrooms and one bathroom. Tenants are responsible for their utilities. The building is in superb condition and has been meticulously maintained a good investment investment with a consistent rental income. Situated on 43rd Street, this property offers convenient access to public transportation, schools, light rail stations, waterway 20 minutes to Midtown Manahattan , Hobokenand and Jersey City.
Amenities
This listing is a courtesy of CENTURY 21 REALTY GROUP
201-854-8888 office, listing agent KENNETH GAGO
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 |
