1414 NEW YORK Ave - Storefront Retail/Residential FOR SALE


Union City, NJ 07087
$2,700,000 USD
917-750-7687
1414 NEW YORK Ave, Union City, NJ for Sale
$2,700,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 4.99% Cap Rate

1414 NEW YORK Ave
Union City, NJ 07087


HIGHLIGHTS

  • Great Corner Mixed Use Retail/Commercial Spaces (2 Stores) with 2 Luxury Apartments
  • Commercial is paying NNN Leases
  • Residential (two 2BR apartments) with views of Hudson Yards and 14 foot ceilings
  • High visibility, big middle school across the street and 3 other schools within walking distance
  • 2 Car Parking

OVERVIEW

Prime Corner Mixed-Use Investment – 1414 New York Avenue, Union City, NJ Discover 1414 New York Avenue, a high-visibility, mixed-use corner property in the heart of Union City, NJ. Built in 2020, this modern income-generating asset offers an ideal blend of commercial and residential spaces, making it a perfect investment for long-term stability and appreciation. Property Features: - **Prime corner location with maximum exposure for both commercial and residential tenants. - **Two parking spaces on ground-floor for commercial stores or residential - **Two (2) ground-floor commercial stores with triple net (NNN) leases, providing steady, passive income. TURN KEY INVESTMENT - **Retail spaces feature expansive windows, offering exceptional foot traffic visibility and an inviting storefront presence. - **Two (2) modern 2-bedroom apartments with 14-foot ceilings and stunning New York City skyline views - **Total Interior Space: 1,100-1,200 sqft. - **New construction (2020) with contemporary finishes and low maintenance. Investment Highlights: - **Premium retail exposure at a high-traffic intersection ensures strong commercial tenant demand. - **Diverse income stream with a mix of commercial and residential tenants. There is upside for higher rents. - **Located minutes from NYC, with easy access to public transportation, shopping, and dining. - **Strong rental market ensuring long-term occupancy and value appreciation. This turnkey, high-visibility property is an exceptional investment opportunity for investors, owner-users, or 1031 exchange buyers looking for a prime, income-producing asset. Contact Anthony Gomez 917-750-7687 today for more details or to schedule a private tour.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

4.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Corner Mixed-Use Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

4C

APN/PARCEL ID

10-00074-0000-00014

ASK ABOUT THIS PROPERTY

Anthony GomezREMAX Commercial Investment AssociatesMore Info
917-750-7687

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Anthony GomezREMAX Commercial Investment AssociatesMore Info
917-750-7687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.