608 New York Ave, Union City, NJ 07087

RENTS INCREASED! NEW 1 YEAR LEASES SIGNED SEPT 1, 2020 FOR $42,000 GROSS INCOME, OVER 6% CAP RATE! NO RENT CONTROL! Large mixed-use building on 25x100 lot with 100% lot coverage. 2400 sqft retail space with 12 ft high ceilings on New York Ave with easy access to bus into NYC and major highways, rented $1700 /mo with potential market rent higher with improvements to this space. 2nd floor 2 bedroom apartment recently renovated and rented $1800/mo. Collect immediate income with 6.2% cap rate and hold as an investment or open that business you always wanted. EXEMPT FROM RENT CONTROL AS MIXED USE PROPERTY. CHARGE MARKET RENTS! No Airbnb allowed. Do not disturb tenants. Contact agent for access. Commercial loan or CASH only.