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.

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
Storefront Retail/Residential
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

Key Food
TD Bank
Buffalo Wild Wings
Oritani Bank
Bonchon
Compare Foods
The Fish Market
Crossfit
Trader Joe's
Blimpie

PROPERTY TAXES

  • Listing ID: 35156992

  • Date on Market: 2025-03-16

  • Last Updated:

  • Address: 1414 NEW YORK Ave, Union City, NJ 07087