Commercial space For Sale in Union City, NJ
MLS# : 240022146
PROPERTY DETAILS
PROPERTY DESCRIPTION
Welcome to 211 41st Street in vibrant Union City, NJ! This versatile property is currently a 5-family setup, with four one-bedroom units generating registered rental income. The owner's unit is a 3 bedroom, 3 full bath that offers exclusive access to the massive basement, backyard, and a convenient parking space. With lot size of 25x100, there's potential to convert back to a 6-family home. Enjoy modern urban living with flexibility and investment potential in a prime location! Cap rate is estimated using an income of $3,000 for owners unit. First showings will provide access to owners unit only, 2nd showings will be scheduled for tenant occupied units.
Amenities
This listing is a courtesy of COMPASS NEW JERSEY, LLC
201-627-4947 office, listing agent MARINA CHIANESE
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): | $575,934 |
| Homes Sold* (12mo): | 15 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $411,340 |
| Apatments Sold* (12mo): | 127 |
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 : | $353,000 - 998,000 | 7 avail |
| Condos : | $85,000 - 1,399,999 | 59 avail |
| Co-ops : | $248,000 - 589,900 | 16 avail |
| Twnhs : | $489,000 - 489,000 | 1 avail |
| 2-4 Fam : | $550,000 - 1,899,000 | 24 avail |
| 5+ Fam : | $849,000 - 1,999,000 | 7 avail |
| Land : | $400,000 - 999,000 | 3 avail |
| Rentals : | $2,100 - 4,195 | 13 avail |
| Mixd Use : | $825,000 - 2,650,000 | 13 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $81,900 - 170,000 | 2 avail |
