Commercial space For Sale in Union City, NJ
MLS# : 250003329
PROPERTY DETAILS
PROPERTY DESCRIPTION
Seize your chance to own this exceptional 9-unit building in the bustling heart of Union City, NJ. With a thriving rental market, this property promises a lucrative investment in one of New Jersey's most dynamic areas. Situated at 117 34th Street, this property offers easy access to local amenities, public transport, and is just minutes away from NYC. Enjoy the benefits of a fully occupied building with a consistent and reliable rental income. Invest in Union City's upward trend with a property that offers both immediate returns and future appreciation possibilities. Step into a ready-to-go investment with all units currently leased, minimizing your initial management efforts. Attract a wide range of tenants with the area's proximity to employment centers, schools, and entertainment options. Secure your financial future with this well-maintained building offering both stability and growth in New Jersey's real estate market.
Amenities
This listing is a courtesy of COLDWELL BANKER REALTY
201-212-5026 office, listing agent PATRICK C SOUTHERN
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): | $540,530 |
| Homes Sold* (12mo): | 11 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $430,532 |
| Apatments Sold* (12mo): | 136 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
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 | 13 |
| 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 |
