Commercial space For Sale in Union City, NJ
MLS# : 240023517
Street : 4312 KENNEDY BLVD
Price : $1,495,000
Town : Union City, NJ 07087
Annual Taxes : $16,622
PROPERTY DETAILS
PROPERTY DESCRIPTION
Located on the corner of the vibrant Kennedy Blvd in Union City bordering North Bergen, this mixed-use property is a fantastic investment opportunity. It features five fully occupied rent-controlled apartments with active registrations, and two garage spaces rented at $400/month (not rent-controlled). The property includes a spacious retail store (approx. 25x60 ft) with a full basement and direct entry—ideal for owner use or rental. The roof is recently recoated and leak-free. All units have separate utilities. Union City’s rapid growth and proximity to NYC make this a must-see property!
Amenities
This listing is a courtesy of WATERFRONT REALTORS
201-300-4777 office, listing agent DAVID BARTZ
About Union City, NJ Real Estate Market
With over 67,000 residents, Union City is an integral part of Hudson County in New Jersey state. Located in the northern part of Hudson County, Union City spans just 1.29 square miles, thus making it one of the most densely populated cities in the country and a part of the New York Metropolitan area.
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.
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): | $540,530 |
| Homes Sold* (12mo): | 11 |
PRICE INDEX
SINGLE FAMILY HOME SALES
Union City, NJ
SINGLE FAMILY HOME SALES
Union City, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
PRICE INDEX
| Average Price* (12mo): | $430,532 |
| Apatments Sold* (12mo): | 136 |
PRICE INDEX
APARTMENT SALES
Union City, NJ
APARTMENT SALES
Union City, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
GENRAL TAX RATE - Union City, NJ
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MADISON ADAMSTM
office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $489,000 - 998,000 | 5 |
| Condos : | $85,000 - 1,350,000 | 50 |
| Co-ops : | $248,000 - 579,000 | 12 |
| Twnhs : | $489,000 - 489,000 | 1 |
| 2-4 Fam : | $490,000 - 1,899,000 | 28 |
| 5+ Fam : | $949,000 - 1,999,000 | 7 |
| Land : | $549,000 - 999,000 | 2 |
| Rentals : | $1,700 - 4,190 | 12 |
| Mixd Use : | $825,000 - 2,650,000 | 13 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $80,000 - 250,000 | 6 |
