NJ
Union
Union Twp.
07083
967 Stuyvesant Ave
967 Stuyvesant Ave, Union Twp., NJ 07083
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Listing Type
Commercial/Industrial
Listing Status
Active
12
$2,400,000

Home Details for 967 Stuyvesant Ave

Price
$2,400,000
Type
Commercial Sale
Year built
1953
Lot size acres
0.06
County
Union
Basement
Unfinished
Days on site
209
MLS Listing#
3991035
Property Description

Exceptional investment opportunity! This mixed-use property offers strong income potential with both residential and commercial tenants. The building features four 2-bedroom apartments currently rented below market at $4,900/month, with the ability to increase to approximately $8,000/month at market rents. The commercial portion includes a storefront ($2,500/month), a bar/restaurant leased at $4,500/month under a 5-year lease (plus an additional $2,000/year collected for property taxes, with separate utilities), and a Verizon antenna lease generating $11,000/year. Total current monthly income is approximately $12,816, with the potential to reach $19,500, translating to a Gross Operating Income (GOI) $153,792 annually. Estimated expenses include taxes ($18,177-$25,177), insurance ($12,695), and water ($1,500/year). The Net Operating Income (NOI) is currently estimated at $121,420.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Basement
    • Unfinished
Listing Courtesy: BHGRE ELITE - 908-316-8530
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT ALL STATE REALTY
2780 Morris Ave Unit 1 A, Union, NJ 07083
Office
908 378 5170
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