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$ 1,249,900
Est. payment /mo
New
914-916 SUMMIT AVE Union City, NJ 07087
5.5 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260011052
Full Baths 4
Half Baths 3
Annual Tax Amount $15,256
Lot Dimensions 25x65
Property Sub-Type Investment
Property Description
An exceptional, high-yielding portfolio piece occupying a prominent, high-visibility corner in one of Union City's most vibrant, heavily trafficked districts. 914-916 Summit Avenue (AKA 729 10th Street) is a commanding 3-story brick building offering a highly diversified, multi-stream cash flow structure that perfectly balances market stability with aggressive net yields. The upper levels feature four spacious, high-demand 2-bedroom residential apartments, consistently capitalizing on Hudson County's historically low vacancy rates. The ground floor boasts three prime commercial retail spaces enjoying premier street frontage and maximum daily foot traffic. To anchor the asset, the property features two rooftop cell phone towers generating an additional, completely passive $1,800/month ($21,600 annually) in corporate-backed net income with zero operational overhead. Meticulously maintained and strategically located just minutes from major NYC transit lines, public schools, and the Lincoln Tunnel network, this asset represents a rare opportunity to capture retail momentum, stable residential returns, and guaranteed corporate cash flow all under one roof. Schedule your private investment review today.
Location
State NJ
County Hudson
Area Union City
Listed by BULIN ASSOCIATES
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