Located in one of New Jersey' s premier investment cities, this extraordinary investment opportunity comprises of a three story mixed-use building with a 1,200 sf retail grocery store plus a three bedroom apartment, a two bedroom apartment and 4 car garage. All encompassed in a solid brick corner building being sold as is. The Building is being sold with the existing retail business which yields an impressive cap rate for any investor and is located on an excellent location on New York Avenue with doorstep transportation to Hoboken and NYC. This building is only one mile away from Hoboken and 3 miles from NYC. An investor willing to see the opportunity will appreciate the unobstructed rooftop views of downtown Manhattan, should you decide to build a rooftop deck or expand the living space over the garages.There is endless potential and investment opportunity with this property. Business included in the sale but can be bought separately from the building for $189,000. Business is "Willy's Groceries". All merchandise and equipment excluded from sale be can be negotiated. All offers must accompany a commitment letter and proof of funds.
Off market
$1,220,800
1015 New York Ave, Union City, NJ 07087
5beds
7,500sqft
MultiFamily
Built in 1900
-- sqft lot
$1,220,800 Zestimate®
$163/sqft
$4,451 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Other, Hardwood
- Basement: Partially finished
- Has fireplace: No
- Furnished: Yes
Interior area
- Total interior livable area: 7,500 sqft
Property
Parking
- Parking features: Carport, Off-street, Garage
Lot
- Size: 2,500 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Union City
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,220,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,220,800