500-502 New York Avenue

Union City, NJ 07087

$1,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic mixed-use, solid brick corner building consisting of Six apartments & Three commercial units, all fully occupied. The vibrant corner location at New York Ave provides easy access to shopping, commuter transportation, the NJ Turnpike, and light rail, making it attractive for both residential and commercial tenants. A beautiful rooftop with great views of the NYC skyline adds a unique feature to enjoy. The detached garage on 5th St is currently utilized as one of the commercial spaces and...Fantastic mixed-use, solid brick corner building consisting of Six apartments & Three commercial units, all fully occupied. The vibrant corner location at New York Ave provides easy access to shopping, commuter transportation, the NJ Turnpike, and light rail, making it attractive for both residential and commercial tenants. A beautiful rooftop with great views of the NYC skyline adds a unique feature to enjoy. The detached garage on 5th St is currently utilized as one of the commercial spaces and adds further versatility to the property. This wonderful Union City's location and attractions further contribute to the investment potential of this property. Being close to all the great things the city has to offer, such as entertainment venues, restaurants, parks, and cultural activities.
  1. Listed by Ingrid Hart • Prominent Properties Sotheby's International Realty-Hoboken • (201) 795-5200
  2. Listed by T. Courtenay Batcha • Prominent Properties Sotheby's International Realty-Hoboken

Property Details for 500-502 New York Avenue

Style
Res/Com Mixed
Sub style
Rtl/Apt

Location

Listing Courtesy of Prominent Properties Sotheby's International Realty-Hoboken, Ingrid Hart; Prominent Properties Sotheby's International Realty-Hoboken, T. Courtenay Batcha
Add your commute
LISTING UPDATED: 04/01/2024 01:58 PM

Property Details for 500-502 New York Avenue

StatusActive - Atty Revu
MLS #23018319
Days on Market319
Taxes$22,974 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / Res/Com Mixed
Year Built-
Lot Size-
CountyHudson County

Location

Listing Courtesy of Prominent Properties Sotheby's International Realty-Hoboken, Ingrid Hart; Prominent Properties Sotheby's International Realty-Hoboken, T. Courtenay Batcha
Add your commute

Building Information for 500-502 New York Avenue

Stories3Residences7Year Built-Lot Size-

Payment Calculator

$8,463 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,915

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500-502 New York Avenue

Summary
Location and General Information
  • Area: 0910
  • Area name: Union City
  • Directions: Palisade & Bergenline Ave
  • Street Name: New York
  • County Name: HUDSON
  • Status: ACTIVE
  • Zip Code: 07087
Taxes and HOA Information
  • Tax: $22,974
Parking
  • Parking Spaces: 1
Property
Lot Information
  • Lot: 00024
  • Year Built: 1900-1939, Renovated
  • Propertype ro: Munincipal Water
  • Block: 00025
Property and Assessments
  • Photo: Y
  • Photo Number: 42
  • CourtAppYN: Yes
Interior and Exterior Features
Interior Features
  • Number of Units: 7
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
Multi Family
Multi-Family Information
  • No of studios: 1
  • No of Common units: 3
  • No1 Bedroom units: 2
  • No2 Bedroom units: 4
Income & Expenses Information
  • Gross Income: $134,997.00
  • Net Income: $93,020.00
  • Gross expenses: $19,003.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $1,200,000.00
  • Listing Date: 06-13-2023
  • Status Date: 04-01-2024
  • Auction: *
Showing Information
  • Internet Remarks: Fantastic mixed-use, solid brick corner building consisting of Six apartments & Three commercial units, all fully occupied. The vibrant corner location at New York Ave provides easy access to shopping, commuter transportation, the NJ Turnpike, and light rail, making it attractive for both residential and commercial tenants. A beautiful rooftop with great views of the NYC skyline adds a unique feature to enjoy. The detached garage on 5th St is currently utilized as one of the commercial spaces and adds further versatility to the property. This wonderful Union City's location and attractions further contribute to the investment potential of this property. Being close to all the great things the city has to offer, such as entertainment venues, restaurants, parks, and cultural activities.
Rental
Rental Information
  • Owner pays: Gas, Heat, O/See Rmrks, Water

Property History for 500-502 New York Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 500-502 New York Avenue

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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500-502 New York Avenue is a mixed use property for sale in Union City, NJ 07087. This property was listed for sale on June 13, 2023 by Prominent Properties Sotheby's International Realty-Hoboken, it's currently listed at $1,200,000. 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. 500-502 New York Avenue is a 0-bed, 0-bath, mixed use property.

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 Prominent Properties Sotheby's International Realty-Hoboken, Ingrid Hart; Prominent Properties Sotheby's International Realty-Hoboken, T. Courtenay Batcha

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 04/27/2024 12:00 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.