967 Stuyvesant Ave , Union Twp., Union 07083-6909

  • $2,400,000

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.

  • City: Union Twp.
  • State/county: Union

Details

Updated on October 7, 2025 at 8:19 am
  • Property ID HZ3991035
  • Price $2,400,000
  • Property Status Active

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Queens Realty New Jersey

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