900 Summit Ave - Apartments FOR SALE


Union City, NJ 07087
$2,200,000 USD
973-227-7000
900 Summit Ave, Union City, NJ for Sale
$2,200,000 USD
Apartments - FOR SALE
1/13
null | 8.35% Cap Rate

900 Summit Ave
Union City, NJ 07087


OVERVIEW

Commercial Mixed-Use. Prime Investment Opportunity in Union City, NJ, featuring 10 res units and 1 com space (approx. 4,200 SF) that can be used as 1 large store or 2 separate stores. Located in a highly desirable area w/ heavy foot traffic, the commercial space is fully equipped with 2 separate HVAC units (5 tons each), 2 electric panels, and 2 ADA bathrooms. The store also features new plumbing, electric, and HVAC, ensuring a modern and efficient setup. Currently under construction, it offers a unique opportunity for customization. The property includes a high-ceiling basement, providing additional storage or functional space. The res units have a new boiler, and common areas were renovated in 2025. 2025 total assessed value: $2,262,000. Opportunity to install telecom towers for additional income and prior discussions with an architect for adding 4-6 extra residential units make this an exceptional investment opportunity. Buyer to do their own due diligence.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

8.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C

APN/PARCEL ID

10-00042-0000-00047

ASK ABOUT THIS PROPERTY

Summer FaillaCentury 21-The CrossingMore Info
973-227-7000

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Summer FaillaCentury 21-The CrossingMore Info
973-227-7000

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