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Compass

1422 Grand Street Suite 3A

Hoboken, NJ 07030

Live Here Property Group

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"Large mix-use building on 25x100 lot with 100% lot coverage."
Kristin Ehrgott

608 New York Ave

$449,000 | 608 New York Avenue, Union City, NJ 07087
MLS #202005322

Great location in rapidly growing area of Union City! Large mix-use building on 25x100 lot with 100% lot coverage. 2,200 square feet retail space with 12 foot high ceilings and on New York Ave, month to month tenant paying $1,530 per month, no rent control, possible to increase rent over $2,000/month with improvements to building. 2nd floor 2 bedroom apartment recently renovated and rented for $1,700 per month. Easy access to bus into New York City and major highways. Collect immediate income with over 6% cap rate or raise rents to market and enjoy over 8% CAP and hold as an investment or open that business you always wanted. Do not disturb tenants. Contact agent for access. Note this property requires a commercial loan or cash purchase.

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active

Status

2

Bedrooms

2

Bathrooms

0.06 Acres

Lot Size

Interior & Exterior

Property Type:
Multi Family

Property Highlight

"Great location in rapidly growing area of Union City!"

- Kristine Ehrgott
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