$1,295,000
( )
 $6,952 est/mo Sourced by Back At You

913 Summit Avenue,Union City, NJ 07087

Union City, NJ 07087

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Description

Exceptional value-add mixed-use investment opportunity in the heart of Union City! Ideal for a 1031 exchange or owner-occupant, this income-producing property features 4 one-bedroom residential apartments, 2 street-level commercial storefronts (approximately 700 SF each with basement storage), plus a separate rear auxiliary structure with city-approved approvals already in place for an additional residential unit. The residential apartments are primarily occupied by long-term month-to-month tenants, creating immediate upside through future rent increases. The commercial spaces are occupied by established long-term tenants (CBD store & salon) on annual leases that have consistently renewed, providing stable income while allowing for future rental adjustments. The approved rear auxiliary structure has already been gutted and is ready to be completed into a spacious 2-bedroom residence, with potential for a 3-bedroom layout perfect for an owner to occupy while collecting income from the remaining units, or as an additional rental generating an estimated $2,400-$2,700/month. Once completed, projected NOI is approximately $104,500/year with strong upside as rents are brought to market. Recent capital improvements include upgraded electric and gas meters. Separate gas and electric utilities, public water, public sewer, and natural gas with tenants paying their own utilities keep operating expenses low, making this an outstanding investment just minutes from New York City.

Details

MLS #26032779
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site38
Listing Provided ByWeichert Realtors, Hoboken | Niren Sakaria

Features

Water FrontNone

Interior

HeatGas, Radiators

Exterior

WaterfrontNone

Utilities

UtilitiesO/See Rmks, Sep Elec, Sep Gas, Sep Water, Seperate Heat

Taxes

Taxes14140

Area Information

StateNJ
CountyHUDSON
CityUnion City
Zip Code07087
AreaUnion City
Listing VS Median (in 07087)
Price:
$1,295,000
low | high
Med:
$0
On site:
38
low | high
Med:
Sourced by Back At You

Market Activity 07087

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Contact

Learn More About This Property

Harry Sahlman

Harry Sahlman

Village Square Realtors

 (862) 684-0236harrysahlman15@gmail.com
StateNJ
CountyHUDSON
CityUnion City
Zip Code07087
AreaUnion City
Listing VS Median (in 07087)
Price:
$1,295,000
low | high
Med:
$0
On site:
38
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $971K - $1.618M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
913 Summit Avenue Property Photo 1
$1,295,000
913 Summit Avenue
Union City, NJ 07087
913 Summit Avenue Property Photo 1
$1,295,000
913 Summit Avenue
Union City, NJ 07087
913 Summit Ave Property Photo 1
$1,295,000
913 Summit Ave
Union City, NJ 07087
913 Summit Ave Property Photo 1
$1,295,000
913 Summit Ave
Union City, NJ 07087
Listing Updated: September 28, 2026 at 6:11:21 PM PDT

Harry Sahlman - Village Square Realtors