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1303 Summit Ave 1,900 SF 57% Leased Retail Building Union City, NJ 07087 $971,799 CAD ($511.47 CAD/SF) 7.44% Cap Rate
Executive Summary
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$90,089
|
$47.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,089
|
$47.42
|
| Taxes |
$13,900
|
$7.32
|
| Operating Expenses |
$6,951
|
$3.66
|
| Total Expenses |
$20,851
|
$10.97
|
| Net Operating Income |
$69,238
|
$36.44
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,089 |
| Annual Per SF | $47.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,089 |
| Annual Per SF | $47.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,900 |
| Annual Per SF | $7.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,951 |
| Annual Per SF | $3.66 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,851 |
| Annual Per SF | $10.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,238 |
| Annual Per SF | $36.44 |
Property Facts
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- La Belle Talent Agency
- -
- -
- -
- -
- Labelle Town School
- Educational Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| La Belle Talent Agency | - | - | - | - | ||
| Labelle Town School | Educational Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Prime retail space available for lease offering approximately 822 square feet on the ground floor, ideal for a variety of retail, office, or service-based uses. The space features an open layout with excellent flexibility, a private bathroom, and central air conditioning for year-round comfort. An added bonus is the full basement with approximately 6-foot ceilings—perfect for storage, inventory, or additional operational space. Well-suited for businesses seeking a functional and efficient footprint in a convenient location, this space offers strong potential for both established operators and new ventures alike.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 822 SF | Retail | - | Now |
1st Floor
| Size |
| 822 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 822 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Prime retail space available for lease offering approximately 822 square feet on the ground floor, ideal for a variety of retail, office, or service-based uses. The space features an open layout with excellent flexibility, a private bathroom, and central air conditioning for year-round comfort. An added bonus is the full basement with approximately 6-foot ceilings—perfect for storage, inventory, or additional operational space. Well-suited for businesses seeking a functional and efficient footprint in a convenient location, this space offers strong potential for both established operators and new ventures alike.
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00068-0000-00009 | Total Assessment | $751,163 CAD (2025) |
| Land Assessment | $271,103 CAD (2025) | Annual Taxes | $13,900 CAD ($7.32 CAD/SF) |
| Improvements Assessment | $480,060 CAD (2025) | Tax Year | 2024 |
Property Taxes
Presented by
1303 Summit Ave
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