201 16th Street

Union City, NJ 07087

$1,398,000
Price
6
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a prime investment opportunity in the heart of Union City on the corner of 16th and Manhattan Ave, this mixed-use building seamlessly blends commercial success with residential comfort. The ground floor boasts a thriving restaurant, Fork Hill Kitchen, providing a bustling atmosphere for patrons and ensuring a steady stream of income for investors. Upstairs, discover 3 updated and spacious 2 bedroom and 1 bath apartments, each designed for modern living. The apartments offer a perfect...Introducing a prime investment opportunity in the heart of Union City on the corner of 16th and Manhattan Ave, this mixed-use building seamlessly blends commercial success with residential comfort. The ground floor boasts a thriving restaurant, Fork Hill Kitchen, providing a bustling atmosphere for patrons and ensuring a steady stream of income for investors. Upstairs, discover 3 updated and spacious 2 bedroom and 1 bath apartments, each designed for modern living. The apartments offer a perfect balance of style and functionality, attracting potential tenants seeking contemporary comforts. With separate gas and electric utilities for each unit, the new owner won't have to worry about unnecessary carrying costs. Recent upgrades include a two-year-old roof and two brand-new water heaters. This turnkey investment opportunity promises a lucrative return, combining a successful restaurant venture with updated residential spaces in a prime location. Investors looking for a diversified and profitable asset should seize this chance to capitalize on the thriving potential of this mixed-use gem.
  1. Listed by DEAN CLARK • EXP REALTY LLC

Property Details for 201 16th Street

Architectural Style
Other-See Remarks
Type Of Parking
None
Area
Union City
Heating & Cooling
A/C Window, Baseboard, Gas

Location

Listing Courtesy of EXP REALTY LLC, DEAN CLARK
Add your commute
LISTING UPDATED: 04/01/2024 02:37 PM

Property Details for 201 16th Street

StatusActive
MLS #240000858
Days on Market112
Taxes$16,529 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 4 Family
Year Built-
Lot Size0.04 AC / 1,581 SF
CountyHudson County

Location

Listing Courtesy of EXP REALTY LLC, DEAN CLARK
Add your commute

Building Information for 201 16th Street

Stories-Residences-Year Built-Building Size-Lot Size0.04 AC / 1,581 SF

Payment Calculator

$9,007 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,629

Property Taxes

$1,377

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 201 16th Street

Summary
Location and General Information
  • Address: 201 16TH ST
  • Address Number: 201
  • Address Search Number: 201
  • Between: corner of 16th and Manhattan
  • Inclusions: Major appliances
  • Street Name: 16TH ST
  • City Name: Union City
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 01-15-2024
  • Taxes: $16,529
Property
Lot Information
  • Block: 181
  • Lot: 27
  • Lot Dimensions: 31x51
Property and Assessments
  • Associated Document Count: 3
  • Charge: Y
  • Exclusions: Personal Property
Utilities
  • Water Sewer Expense: $1,200
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum/Vinyl
Interior Features
  • Basement Description: Full, Unfinished
  • Fl1 Rooms: 0
  • Fl2 Rooms: 5
  • Fl3 Rooms: 5
  • Fl4 Rooms: 5
  • Floor 1 Half Baths: 1
  • Floor 1 Rent: 2250
  • Floor 2 Bedrooms: 2
  • Floor 2 Dining Room: 1
  • Floor 2 Full Baths: 1
  • Floor 2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 1300
  • Floor 3 Bedrooms: 2
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Baths: 1
  • Floor 3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Rent: 1650
  • Floor 4 Bedrooms: 2
  • Floor 4 Dining Rooms: 1
  • Floor 4 Full Baths: 1
  • Floor 4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Floor 4 Rent: 1850
  • Liberty Lockbox Y/N: No
  • Total Dining Rooms: 3
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • Total Other Rooms: 0
  • Num of Baths: 4
  • Half Baths Total: 1
  • Full Baths Total: 3
  • Num Full Baths: 3
  • Num Half Baths: 1
  • Bedrooms Total: 6
Multi Family
Multi-Family Information
  • Insurance Expense: $2,500

Property History for 201 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 201 16th Street

Taxable ValueLand$103,400Additions$111,600Total$215,000
Tax Record2022$15,934 ($1,328 / month)
Home Facts
Total Finished SqFt3,359 SqFtAbove Grade Finished SqFt3,359 SqFtStories2Lot Size1,581 SqFtStyleMiscellaneous CommercialYear Built1913CountyHUDSONAPN10 00181-0000-00027

Schools near 201 16th Street

This home is within Union City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 1 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Thomas A. Edison Elementary School
PublicPK to 6

Sara M. Gilmore Academy
Public1 to 8

Emerson Middle School
Public6 to 8

Union City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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201 16th Street is a multi-family home for sale in Union City, NJ 07087. This property was listed for sale on January 11, 2024 by EXP REALTY LLC, it's currently listed at $1,398,000. It has been on the market for a total of 112 days and was last sold on May 25, 2006. This listing's school district is Union City School District. Nearby schools include Thomas A. Edison Elementary School, Sara M. Gilmore Academy and Emerson Middle School. 201 16th Street is a 6-bed, 3.5-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY LLC, DEAN CLARK

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/02/2024 07:57 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.