Prime Corner Mixed-Use Investment 1414 NEW YORK Ave
4,500 SF 100% Leased Retail Building Union City, NJ 07087 $3,866,454 CAD ($859.21 CAD/SF) 4.99% Cap Rate









INVESTMENT HIGHLIGHTS
- Great Corner Mixed Use Retail/Commercial Spaces (2 Stores) with 2 Luxury Apartments
- Residential (two 2BR apartments) with views of Hudson Yards and 14 foot ceilings
- 2 Car Parking
- Commercial is paying NNN Leases
- High visibility, big middle school across the street and 3 other schools within walking distance
EXECUTIVE SUMMARY
Prime Corner Mixed-Use Investment – 1414 New York Avenue, Union City, NJ
Discover 1414 New York Avenue, a high-visibility, mixed-use corner property in the heart of Union City, NJ. Built in 2020, this modern income-generating asset offers an ideal blend of commercial and residential spaces, making it a perfect investment for long-term stability and appreciation.
Property Features:
- **Prime corner location with maximum exposure for both commercial and residential tenants.
- **Two parking spaces on ground-floor for commercial stores or residential
- **Two (2) ground-floor commercial stores with triple net (NNN) leases, providing steady, passive income. TURN KEY INVESTMENT
- **Retail spaces feature expansive windows, offering exceptional foot traffic visibility and an inviting storefront presence.
- **Two (2) modern 2-bedroom apartments with 14-foot ceilings and stunning New York City skyline views
- **Total Interior Space: 1,100-1,200 sqft.
- **New construction (2020) with contemporary finishes and low maintenance.
Investment Highlights:
- **Premium retail exposure at a high-traffic intersection ensures strong commercial tenant demand.
- **Diverse income stream with a mix of commercial and residential tenants. There is upside for higher rents.
- **Located minutes from NYC, with easy access to public transportation, shopping, and dining.
- **Strong rental market ensuring long-term occupancy and value appreciation.
This turnkey, high-visibility property is an exceptional investment opportunity for investors, owner-users, or 1031 exchange buyers looking for a prime, income-producing asset.
Contact Anthony Gomez 917-750-7687 today for more details or to schedule a private tour.
Discover 1414 New York Avenue, a high-visibility, mixed-use corner property in the heart of Union City, NJ. Built in 2020, this modern income-generating asset offers an ideal blend of commercial and residential spaces, making it a perfect investment for long-term stability and appreciation.
Property Features:
- **Prime corner location with maximum exposure for both commercial and residential tenants.
- **Two parking spaces on ground-floor for commercial stores or residential
- **Two (2) ground-floor commercial stores with triple net (NNN) leases, providing steady, passive income. TURN KEY INVESTMENT
- **Retail spaces feature expansive windows, offering exceptional foot traffic visibility and an inviting storefront presence.
- **Two (2) modern 2-bedroom apartments with 14-foot ceilings and stunning New York City skyline views
- **Total Interior Space: 1,100-1,200 sqft.
- **New construction (2020) with contemporary finishes and low maintenance.
Investment Highlights:
- **Premium retail exposure at a high-traffic intersection ensures strong commercial tenant demand.
- **Diverse income stream with a mix of commercial and residential tenants. There is upside for higher rents.
- **Located minutes from NYC, with easy access to public transportation, shopping, and dining.
- **Strong rental market ensuring long-term occupancy and value appreciation.
This turnkey, high-visibility property is an exceptional investment opportunity for investors, owner-users, or 1031 exchange buyers looking for a prime, income-producing asset.
Contact Anthony Gomez 917-750-7687 today for more details or to schedule a private tour.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
![]() |
Other Income |
$99,999
![]() |
$9.99
![]() |
Vacancy Loss |
$99,999
![]() |
$9.99
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
B
Year Built
2021
Price
$3,866,454 CAD
Price Per SF
$859.21 CAD
Cap Rate
4.99%
NOI
$192,876 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.07 AC
Zoning
4C
Parking
2 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
30’ on New York Avenue
AMENITIES
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pabade Bakery
- -
- -
-
$9.99
-
Lorem Ipsum
- -
- Supreme Canine
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Pabade Bakery | - | - | $9.99 | Lorem Ipsum | - | |
Supreme Canine | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (80)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 10-00074-0000-00014 | Total Assessment | $1,530,601 CAD |
Land Assessment | $604,128 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $926,473 CAD | Tax Year | 2024 |