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967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo
967 Stuyvesant Ave, Union, NJ 07083 Photo

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967 Stuyvesant Ave Union, NJ 07083
$2,400,000
Active / MLS# 3991035 / Residential - / Union
0 Beds
6 Baths
6 Half Baths

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.

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Estimated Payment

$ 14,350.46 per month $12,135.71 Principal & Interest $1,514.75 Property Tax $700.00 Homeowner's Insurance

Property Details

Property Type: Residential -
Basement: Unfinished
Cooling: No Cool, Window A/C(s)
Fuel Type: Gas-Natural
Heating: Baseboard - Hotwater
Lot Size: 0.06 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $18,177
Year Built: 1953

Feature Descriptions

Days on Site: 237
Equipment Available: Appliances, Fire Alarm, Kitchen Area, Restrooms - Private, Smoke Detector
Exterior: Vinyl Siding
Flooring: Tile, Wood
Location: Business District
Lot: Level Lot
Lot Dimensions: 0.06 acre(s)
Max Door height: 0
Parking Spaces: 0
Sewer: Public Sewer
Tenant Pays: Electric, Gas, Heat, Hot Water, Water
Units: 6
Utilities: Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: BHGRE ELITE
Agency Contact: 908-316-8530

Shown By

Agency Title: Hallmark Realtors
Agency Phone: (732) 574-9400

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