1309 Summit Ave - Storefront Retail/Residential FOR SALE


Union City, NJ 07087
$649,000 USD
201-424-0488
1309 Summit Ave, Union City, NJ for Sale
$649,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 7.27% Cap Rate

1309 Summit Ave
Union City, NJ 07087


OVERVIEW

Mixed use ; 1 restaurant on the 1st floor and 2 unit apt on the 2nd floor . Restaurant use the basement and backyard. separate utilities ( 3 boilers , 3 hot water tank, 3 electric meter, 3 gas meter, 2 water meter ( one is for restaurant another is for apt ). Good income producing property ( Gross Income : $ 63,720, NOI : $ 47,192 ; CAP Rate : abut 7.3 % ). Good for the investor. Sold As-Is condition.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C

APN/PARCEL ID

10-00068-0000-00006

ASK ABOUT THIS PROPERTY

Ken ChoiKNC Realty LLCMore Info
201-424-0488

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Ken ChoiKNC Realty LLCMore Info
201-424-0488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.