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Prime Corner Mixed-Use Investment 1414 NEW YORK Ave 4,500 SF 100% Leased Retail Building Union City, NJ 07087 $3,611,920 CAD ($802.65 CAD/SF) 5.50% 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 |
$212,136
|
$47.14
|
| Other Income |
$16,970
|
$3.77
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$229,107
|
$50.91
|
| Taxes |
$27,317
|
$6.07
|
| Operating Expenses |
$14,681
|
$3.26
|
| Total Expenses |
$41,998
|
$9.33
|
| Net Operating Income |
$187,109
|
$41.58
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $212,136 |
| Annual Per SF | $47.14 |
| Other Income (CAD) | |
|---|---|
| Annual | $16,970 |
| Annual Per SF | $3.77 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $229,107 |
| Annual Per SF | $50.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,317 |
| Annual Per SF | $6.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,681 |
| Annual Per SF | $3.26 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,998 |
| Annual Per SF | $9.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $187,109 |
| Annual Per SF | $41.58 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
B
Year Built
2021
Price
$3,611,920 CAD
Price Per SF
$802.65 CAD
Cap Rate
5.50%
NOI
$198,656 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
- -
- -
- $51.40 CAD
- Triple Net
- -
- Supreme Canine
- Retailer
- -
- $55.57 CAD
- Triple Net
- Sep 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pabade Bakery | - | - | $51.40 CAD | Triple Net | - | |
| Supreme Canine | Retailer | - | $55.57 CAD | Triple Net | Sep 2026 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00074-0000-00014 | Total Assessment | $1,546,373 CAD (2025) |
| Land Assessment | $576,442 CAD (2025) | Annual Taxes | $27,317 CAD ($6.07 CAD/SF) |
| Improvements Assessment | $969,932 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
10-00074-0000-00014
Land Assessment
$576,442 CAD (2025)
Improvements Assessment
$969,932 CAD (2025)
Total Assessment
$1,546,373 CAD (2025)
Annual Taxes
$27,317 CAD ($6.07 CAD/SF)
Tax Year
2024
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Prime Corner Mixed-Use Investment | 1414 NEW YORK Ave
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