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4312 Kennedy Blvd 6 Unit Apartment Building £1,118,305 (£186,384/Unit) 7% Net Initial Yield Union City, NJ 07087

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INVESTMENT HIGHLIGHTS

  • Great Main Street Location
  • Vacant Store ready for your business
  • Corner Property

EXECUTIVE SUMMARY

Located on the corner of the vibrant Kennedy Blvd in Union City bordering North Bergen, this mixed-use property is a fantastic investment opportunity. It features five fully occupied rent-controlled apartments with active registrations, and two garage spaces rented at $400/month (not rent-controlled). The property includes a spacious retail store (approx. 25x60 ft) with a full basement and direct entry—ideal for owner use or rental. The roof is recently recoated and leak-free. All units have separate utilities. Union City’s rapid growth and proximity to NYC make this a must-see property!

ATTACHMENTS

NOI

DATA ROOM Click Here to Access

PROPERTY FACTS

Price £1,118,305 Costar Property Class C
Price Per Unit £186,384 Total Plot Size 0.05 ac
Sale Type Investment Property Size 10,227 sq ft
Yield 7% Average Occupancy 80%
No. Units 6 No. Floors 3
Property Type Build-to-Rent Year Built 1910
Property Subtype
Apartment
  • General Retail Shopfront Retail / Residential
  • Office / Residential
 Parking Allocation 0.2/1,000 sq ft
Apartment Style Low-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class R - The zoning for 4312 Kennedy Blvd in Union City is commercial
Price £1,118,305
Price Per Unit £186,384
Sale Type Investment
Yield 7%
No. Units 6
Property Type Build-to-Rent
Property Subtype
Apartment
  • General Retail Shopfront Retail / Residential
  • Office / Residential
Apartment Style Low-Rise
Costar Property Class C
Total Plot Size 0.05 ac
Property Size 10,227 sq ft
Average Occupancy 80%
No. Floors 3
Year Built 1910
Parking Allocation 0.2/1,000 sq ft
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class R - The zoning for 4312 Kennedy Blvd in Union City is commercial

AMENITIES

SITE AMENITIES

  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
2+1 5 - -
1 1
Walk Score®
Excellent pedestrian access (97)
Transit Score®
Excellent Public Transport (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 10-00254-0000-00026 Improvements Assessment £708,609
Land Assessment £269,291 Total Assessment £977,900

PROPERTY TAXES

Parcel Number
10-00254-0000-00026
Land Assessment
£269,291
Improvements Assessment
£708,609
Total Assessment
£977,900
(551) 208-4864

Still interested?

Contact the agent for more information about this property

CONTACT

  • David Bartz
    David Bartz

  • Listing ID: 34098076

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 4312 Kennedy Blvd, Union City, NJ 07087

The Build-to-Rent Property at 4312 Kennedy Blvd, Union City, NJ 07087 is currently available for Sale. Contact RE/MAX Waterfront for more information.

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4312 Kennedy Blvd
(551) 208-4864 x

4312 Kennedy Blvd

David Bartz
(551) 208-4864

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