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Prime Corner Mixed-Use Investment 1414 NEW YORK Ave 4,500 sq ft 100% Let Retail Property Union City, NJ 07087 £1,944,878 (£432.20/sq ft) 5.18% Net Initial Yield
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) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£114,227
|
£25.38
|
| Other Income |
£9,138
|
£2.03
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£123,365
|
£27.41
|
| Taxes |
£14,709
|
£3.27
|
| Operating Expenses |
£7,905
|
£1.76
|
| Total Expenses |
£22,614
|
£5.03
|
| Net Operating Income |
£100,751
|
£22.39
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £114,227 |
| Annual Per sq ft | £25.38 |
| Other Income | |
|---|---|
| Annual | £9,138 |
| Annual Per sq ft | £2.03 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £123,365 |
| Annual Per sq ft | £27.41 |
| Taxes | |
|---|---|
| Annual | £14,709 |
| Annual Per sq ft | £3.27 |
| Operating Expenses | |
|---|---|
| Annual | £7,905 |
| Annual Per sq ft | £1.76 |
| Total Expenses | |
|---|---|
| Annual | £22,614 |
| Annual Per sq ft | £5.03 |
| Net Operating Income | |
|---|---|
| Annual | £100,751 |
| Annual Per sq ft | £22.39 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
4,500 sq ft
Costar Property Class
B
Year Built
2021
Price
£1,944,878
Price per sq ft
£432.20
Yield
5.18%
NOI
£100,751
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.48
Total Plot Size
0.07 ac
Use Class
4C
Parking
2 Spaces (0.44 Spaces per 1,000 sq ft Leased)
Frontage
30 ft on New York Avenue
AMENITIES
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Pabade Bakery
- -
- -
- £27.68
- NNN
- -
- Supreme Canine
- Retailer
- -
- £29.92
- NNN
- Sep 2026
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Pabade Bakery | - | - | £27.68 | NNN | - | |
| Supreme Canine | Retailer | - | £29.92 | NNN | Sep 2026 |
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,000 sq ft
- Retail
- -
- Jan 2026
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 sq ft | Retail | - | Jan 2026 |
1st Floor
| Size |
| 1,000 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jan 2026 |
Walk Score®
Excellent pedestrian access (96)
Transit Score®
Excellent Public Transport (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00074-0000-00014 | Total Assessment | £842,805 (2025) |
| Land Assessment | £314,173 (2025) | Annual Taxes | £14,709 (£3.27/sq ft) |
| Improvements Assessment | £528,633 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-00074-0000-00014
Land Assessment
£314,173 (2025)
Improvements Assessment
£528,633 (2025)
Total Assessment
£842,805 (2025)
Annual Taxes
£14,709 (£3.27/sq ft)
Tax Year
2024
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Prime Corner Mixed-Use Investment | 1414 NEW YORK Ave
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