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Prime Corner Mixed-Use Investment 1414 NEW YORK Ave 4,500 SF 100% Leased Retail Building Union City, NJ 07087 $3,629,392 CAD ($806.53 CAD/SF) 5.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Corner Mixed Use Retail/Commercial Spaces (2 Stores) with 2 Luxury Apartments
- Residential (two 2BR apartments) with views of Hudson Yards and 14 foot ceilings
- 2 Car Parking
- Commercial is paying NNN Leases
- High visibility, big middle school across the street and 3 other schools within walking distance
EXECUTIVE SUMMARY
Prime Corner Mixed-Use Investment – 1414 New York Avenue, Union City, NJ
Discover 1414 New York Avenue, a high-visibility, mixed-use corner property in the heart of Union City, NJ. Built in 2020, this modern income-generating asset offers an ideal blend of commercial and residential spaces, making it a perfect investment for long-term stability and appreciation.
Property Features:
- **Prime corner location with maximum exposure for both commercial and residential tenants.
- **Two parking spaces on ground-floor for commercial stores or residential
- **Two (2) ground-floor commercial stores with triple net (NNN) leases, providing steady, passive income. TURN KEY INVESTMENT
- **Retail spaces feature expansive windows, offering exceptional foot traffic visibility and an inviting storefront presence.
- **Two (2) modern 2-bedroom apartments with 14-foot ceilings and stunning New York City skyline views
- **Total Interior Space: 1,100-1,200 sqft.
- **New construction (2020) with contemporary finishes and low maintenance.
Investment Highlights:
- **Premium retail exposure at a high-traffic intersection ensures strong commercial tenant demand.
- **Diverse income stream with a mix of commercial and residential tenants. There is upside for higher rents.
- **Located minutes from NYC, with easy access to public transportation, shopping, and dining.
- **Strong rental market ensuring long-term occupancy and value appreciation.
This turnkey, high-visibility property is an exceptional investment opportunity for investors, owner-users, or 1031 exchange buyers looking for a prime, income-producing asset.
Contact Anthony Gomez 917-750-7687 today for more details or to schedule a private tour.
Discover 1414 New York Avenue, a high-visibility, mixed-use corner property in the heart of Union City, NJ. Built in 2020, this modern income-generating asset offers an ideal blend of commercial and residential spaces, making it a perfect investment for long-term stability and appreciation.
Property Features:
- **Prime corner location with maximum exposure for both commercial and residential tenants.
- **Two parking spaces on ground-floor for commercial stores or residential
- **Two (2) ground-floor commercial stores with triple net (NNN) leases, providing steady, passive income. TURN KEY INVESTMENT
- **Retail spaces feature expansive windows, offering exceptional foot traffic visibility and an inviting storefront presence.
- **Two (2) modern 2-bedroom apartments with 14-foot ceilings and stunning New York City skyline views
- **Total Interior Space: 1,100-1,200 sqft.
- **New construction (2020) with contemporary finishes and low maintenance.
Investment Highlights:
- **Premium retail exposure at a high-traffic intersection ensures strong commercial tenant demand.
- **Diverse income stream with a mix of commercial and residential tenants. There is upside for higher rents.
- **Located minutes from NYC, with easy access to public transportation, shopping, and dining.
- **Strong rental market ensuring long-term occupancy and value appreciation.
This turnkey, high-visibility property is an exceptional investment opportunity for investors, owner-users, or 1031 exchange buyers looking for a prime, income-producing asset.
Contact Anthony Gomez 917-750-7687 today for more details or to schedule a private tour.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$213,163
|
$47.37
|
| Other Income |
$17,053
|
$3.79
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$230,215
|
$51.16
|
| Taxes |
$27,449
|
$6.10
|
| Operating Expenses |
$14,752
|
$3.28
|
| Total Expenses |
$42,201
|
$9.38
|
| Net Operating Income |
$188,014
|
$41.78
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $213,163 |
| Annual Per SF | $47.37 |
| Other Income (CAD) | |
|---|---|
| Annual | $17,053 |
| Annual Per SF | $3.79 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $230,215 |
| Annual Per SF | $51.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,449 |
| Annual Per SF | $6.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,752 |
| Annual Per SF | $3.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,201 |
| Annual Per SF | $9.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $188,014 |
| Annual Per SF | $41.78 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
B
Year Built
2021
Price
$3,629,392 CAD
Price Per SF
$806.53 CAD
Cap Rate
5.18%
NOI
$188,014 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.07 AC
Zoning
4C
Parking
2 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
30’ on New York Avenue
AMENITIES
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pabade Bakery
- -
- -
- $51.65 CAD
- Triple Net
- -
- Supreme Canine
- Retailer
- -
- $55.84 CAD
- Triple Net
- Sep 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pabade Bakery | - | - | $51.65 CAD | Triple Net | - | |
| Supreme Canine | Retailer | - | $55.84 CAD | Triple Net | Sep 2026 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 SF | Retail | - | Jan 2026 |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jan 2026 |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Jan 2026 |
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00074-0000-00014 | Total Assessment | $1,589,774 CAD (2025) |
| Land Assessment | $592,620 CAD (2025) | Annual Taxes | $27,449 CAD ($6.10 CAD/SF) |
| Improvements Assessment | $997,154 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-00074-0000-00014
Land Assessment
$592,620 CAD (2025)
Improvements Assessment
$997,154 CAD (2025)
Total Assessment
$1,589,774 CAD (2025)
Annual Taxes
$27,449 CAD ($6.10 CAD/SF)
Tax Year
2024
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Prime Corner Mixed-Use Investment | 1414 NEW YORK Ave
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