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156-160 19th St
7,900 SF Office Building Union City, NJ 07087 £1,928,275 (£244.09/SF) 8.21% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully Renovated
- Rooftop Garden
- High speed internet
- High End Office Space
- Fully Furnished Office Spaces
- Close Proximity to Mass Transit/NYC
EXECUTIVE SUMMARY
The property was recently gut renovated to provide fully furnished office spaces with high end finishes to a variety of local emerging businesses. The open floorplan with tall ceilings and bright light, along with the rooftop oasis among other amenities provides an exceptional opportunity to qualified investors and operators.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£260,433
|
£32.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£26,043
|
£3.30
|
| Effective Gross Income |
£234,390
|
£29.67
|
| Taxes |
£24,849
|
£3.15
|
| Operating Expenses |
£50,955
|
£6.45
|
| Total Expenses |
£75,803
|
£9.60
|
| Net Operating Income |
£158,587
|
£20.07
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £260,433 |
| Annual Per SF | £32.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £26,043 |
| Annual Per SF | £3.30 |
| Effective Gross Income | |
|---|---|
| Annual | £234,390 |
| Annual Per SF | £29.67 |
| Taxes | |
|---|---|
| Annual | £24,849 |
| Annual Per SF | £3.15 |
| Operating Expenses | |
|---|---|
| Annual | £50,955 |
| Annual Per SF | £6.45 |
| Total Expenses | |
|---|---|
| Annual | £75,803 |
| Annual Per SF | £9.60 |
| Net Operating Income | |
|---|---|
| Annual | £158,587 |
| Annual Per SF | £20.07 |
PROPERTY FACTS
AMENITIES
- Bus Route
- Conferencing Facility
- Security System
- Skylights
- Accent Lighting
- Roof Terrace
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 25-1,000 SF | Office | Full Build-Out | Now |
| 1st Floor | 25-1,000 SF | Office | Full Build-Out | Now |
| 1st Floor | 25-1,000 SF | Office | Full Build-Out | Now |
| 1st Floor | 25-1,000 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 25-1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 25-1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 25-1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 25-1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 25-1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
1st Floor
| Size | 25-1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
1st Floor
| Size | 25-1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
1st Floor
| Size | 25-1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
156-160 19th Street offers an exceptional workspace for tenants designed for productivity, creativity, and comfort. This fully renovated office space offers a host of premium features tailored to modern business needs. Available space offers tall loft style ceilings, bright and airy interiors enhanced by natural light and skylights. A serene outdoor space perfect for breaks, gatherings, or networking. Tenants can enjoy an in-house movie theater, pool table, ping pong, and foosball table for downtime and team bonding. It also offers fully furnished offices, move-in ready spaces with high-speed internet to keep you connected. Conference room, oversized kitchen, and a robust security system for convenience and safety. Conveniently located in close proximity to mass transit, providing easy access to New York City.
PROPERTY TAXES
| Parcel Number | 10-00175-0000-00070 | Total Assessment | £1,264,640 |
| Land Assessment | £723,103 | Annual Taxes | £24,849 (£3.15/sf) |
| Improvements Assessment | £541,537 | Tax Year | 2024 |
PROPERTY TAXES
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156-160 19th St
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