2717 Bergenline Ave
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2717 Bergenline Ave
3,864 SF 100% Leased Retail Building Union City, NJ 07087 $825,000 ($214/SF)
Investment Highlights
- BUSY LOCATION
- GOOD FOR IMPROVEMENT
- CLOSE TO EVERYTHING
Executive Summary
Mix-use investment property in the heart of Union City, 4 apartments 2 retail stores on busy Bergenline Ave near everything. All units are occupied and some of them have recent renovations. Tenants pay for their own electric, one Great opportunity. Current green card with State of NJ.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$83,473
|
$21.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,473
|
$21.60
|
| Taxes |
$16,144
|
$4.18
|
| Operating Expenses |
$20,198
|
$5.23
|
| Total Expenses |
$36,342
|
$9.41
|
| Net Operating Income |
$47,131
|
$12.20
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $83,473 |
| Annual Per SF | $21.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,473 |
| Annual Per SF | $21.60 |
| Taxes | |
|---|---|
| Annual | $16,144 |
| Annual Per SF | $4.18 |
| Operating Expenses | |
|---|---|
| Annual | $20,198 |
| Annual Per SF | $5.23 |
| Total Expenses | |
|---|---|
| Annual | $36,342 |
| Annual Per SF | $9.41 |
| Net Operating Income | |
|---|---|
| Annual | $47,131 |
| Annual Per SF | $12.20 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,864 SF
Building Class
C
Year Built
1939
Price
$825,000
Price Per SF
$214
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.48
Lot Size
0.06 AC
Zoning
C - Mix-use property in Union City,busy Bergenline Ave near everything.
Frontage
33 FT on Bergenline Ave
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 10-00154-0000-00044 | Total Assessment | $778,500 (2024) |
| Land Assessment | $480,000 (2024) | Annual Taxes | $16,144 ($4.18/SF) |
| Improvements Assessment | $298,500 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
10-00154-0000-00044
Land Assessment
$480,000 (2024)
Improvements Assessment
$298,500 (2024)
Total Assessment
$778,500 (2024)
Annual Taxes
$16,144 ($4.18/SF)
Tax Year
2023
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2717 Bergenline Ave
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