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2000 West St

30,000 SF 100% Leased Office Building Union City, NJ 07087 $8,221,326 CAD ($274 CAD/SF) 8.42% Cap Rate

Executive Summary

Mixed use building with development opportunity. Fully leased with substantial, long-term tenants Significant, positive cash flow. Perfect for investor, 1031 exchange, Developer...Approvals for 17,290 additional square feet of commercial space. 32,500 square feet mixed use building consisting of office/flex/industrial/commercial/educational space. Plus, two stunning 4 bedroom/4 bath Penthouse apartments with Manhattan views and Montclair sunset
I-Beam grid and columns continue through the roof: No foundation or pilings needed
Built on bedrock. Fully sprinklered with central station smoke alarm
Fully renovated in 2008: Three story glass atrium entrance
New roof, windows, Elevator / 3-phase 800A service, electrical, lighting and HVAC.
Custom blinds. Full renovation of penthouse residences. C-of-O. 2020 Renovation: Fire sprinklers. Fire alarm system. New HVAC in some spaces. New commercial bathrooms. New fire egress corridors. Updated C-of-O. Renovated and subdivided in 2020: HVAC, electrical, utilities individually metered for all twenty tenants. Two driveways and Front lawns can be paved for additional parking
Minutes from Lincoln Tunnel, Holland Tunnel and PATH. 800A three-phase electrical service.
One block to bus to Port Authority.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
30,000 SF
Building Class
B
Year Built/Renovated
1957/2024
Price
$8,221,326 CAD
Price Per SF
$274 CAD
Cap Rate
8.42%
NOI
$692,255 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Slab To Slab
11’
Building FAR
1.68
Lot Size
0.41 AC
Zoning
B & R-2 - Use B commercial and R-2 Residential.
Parking
20 Spaces (0.67 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Day Care
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 201-4
  • 135 SF
  • Office
  • Full Build-Out
  • Now

Second floor private office/flex/industrial. Good for a workshop, real estate, architect, fashion Art Studio... $450 month plus percentage of electric. Easily accessible from anywhere within the New York metropolitan area. The building is conveniently located less than 10 minutes from Jersey City, Hoboken, and the Lincoln/Holland Tunnels. Easy street parking and also available onsight parking for additional fee. Location allows for easy car access from NJ Turnpike, Kennedy Blvd., US Routes 1&9 and 440.

Space Size Space Use Condition Available
2nd Fl-Ste 201-4 135 SF Office Full Build-Out Now

2nd Fl-Ste 201-4

Size
135 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 201-4

Size 135 SF
Space Use Office
Condition Full Build-Out
Available Now

Second floor private office/flex/industrial. Good for a workshop, real estate, architect, fashion Art Studio... $450 month plus percentage of electric. Easily accessible from anywhere within the New York metropolitan area. The building is conveniently located less than 10 minutes from Jersey City, Hoboken, and the Lincoln/Holland Tunnels. Easy street parking and also available onsight parking for additional fee. Location allows for easy car access from NJ Turnpike, Kennedy Blvd., US Routes 1&9 and 440.

Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-00109-0000-00026
Land Assessment
$3,666,995 CAD (2024)
Improvements Assessment
$2,665,411 CAD (2024)
Total Assessment
$6,332,405 CAD (2024)
  • Listing ID: 34163128

  • Date on Market: 2024-12-11

  • Last Updated:

  • Address: 2000 West St, Union City, NJ 07087

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