MLS# : 240016475
Prime Development Opportunity in Union City, NJ! Presenting a rare and exceptional development opportunity in the heart of one of the best locations on the planet. This commercial industrial property comes with fully approved plans for an 18-story building, set to house 208 residential units. This prime location offers easy access to New York City, making it an attractive option for both developers and future residents. The property is fully approved for this multi-story residential building, eliminating the need for lengthy zoning approvals and accelerating your development timeline. Strategic Location: Situated in a vibrant and bustling location, just minutes from the Lincoln Tunnel and major highways, this property is ideal for commuters looking for quick access to Manhattan and other parts of New Jersey. High Demand Area: Union City is a growing community with high demand for residential units, making this development a lucrative investment with strong potential returns. Ample Amenities: The approved development plan includes space for modern amenities, potentially featuring a pool, rooftop lounge, and other desirable features to attract high-quality tenants. Proximity to Public Transport: With nearby access to public transportation, including bus lines and light rail, the location offers convenience for future residents. Lincoln Tunnel and all major arteries nearby! This is a unique opportunity to capitalize on Union City’s expanding real estate market. Whether you’re an experienced developer or an investor looking to enter the development sector, this property provides the foundation for a successful and profitable project. Contact Information: For more details or to schedule a site visit, please contact the Listing Agent. Don’t miss out on this exceptional opportunity to bring a high-rise residential project to life in one of New Jersey’s most desirable urban communities.
This listing is a courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
201-223-4207 office, listing agent LISA M CATALDI
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 |
Average Price* (12mo): | $415,093 |
Apatments Sold* (12mo): | 133 |
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 |
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.
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All information deemed reliable but not guaranteed. Last date updated: 11/21/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
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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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