Mixed-Use

4401 Bergenline Ave, Union City

4401 Bergenline Ave, Union City, NJ 07087

Listing Price: $3,490,000

Cap Rate
5.50%
Number of Units
7
Occupancy
100.0%
Price/Unit
$498,571
Price/Gross SF
$389.20
Gross SF
8,967

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 4401-4403 Bergenline Avenue in Union City. Built in 2018, the property has 6 apartments and one commercial space. The property has a strong, stabilized cash flow with strong market rents and minimal turnover due to the prime location. The property is exceptionally located at one of the busiest intersections of Bergenline Avenue and 44th Street, 2.5 miles from the Lincoln Tunnel and under four miles from New York City. Additionally, the property has easy access to Interstate 95 and Interstate 78, Route 1&9, Route 3, Route 17 and Route 7. 4401-4403 Bergenline Avenue is five blocks from the Bergenline Light Rail Station which offers an approximately 35 minute ride into Manhattan. The property is also a two minute walk to Bergenline Ave at 45th St bus stop with 20 minute ride to NYC via the Lincoln Tunnel. Union City is one of the most densely populated cities in the United States. It’s home to many national and regional retailers. The subject property are located under one mile from Walgreen’s, Aldi’s, Shoprite, Bank of America, Dollar Tree and many more retailers.

Investment Highlights

  • 15 minutes to New York City
  • Minutes from the Holland Tunnel, Lincoln Tunnel and GW Bridge
  • Two minute walk to Bergenline Ave at 45th St bus stop with 20 minute ride to NYC via the Lincoln Tunnel
  • The building has a strong net operating income of $192,879 representing a 5.50% cap rate at asking price

Exclusively Listed By

Mixed-Use

4401 Bergenline Ave, Union City

Listing Price: $3,490,000

Cap Rate
5.50%
Number of Units
7
Occupancy
100.0%
Price/Unit
$498,571
Price/Gross SF
$389.20
Gross SF
8,967

Investment Highlights

  • 15 minutes to New York City
  • Minutes from the Holland Tunnel, Lincoln Tunnel and GW Bridge
  • Two minute walk to Bergenline Ave at 45th St bus stop with 20 minute ride to NYC via the Lincoln Tunnel
  • The building has a strong net operating income of $192,879 representing a 5.50% cap rate at asking price

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 4401-4403 Bergenline Avenue in Union City. Built in 2018, the property has 6 apartments and one commercial space. The property has a strong, stabilized cash flow with strong market rents and minimal turnover due to the prime location. The property is exceptionally located at one of the busiest intersections of Bergenline Avenue and 44th Street, 2.5 miles from the Lincoln Tunnel and under four miles from New York City. Additionally, the property has easy access to Interstate 95 and Interstate 78, Route 1&9, Route 3, Route 17 and Route 7. 4401-4403 Bergenline Avenue is five blocks from the Bergenline Light Rail Station which offers an approximately 35 minute ride into Manhattan. The property is also a two minute walk to Bergenline Ave at 45th St bus stop with 20 minute ride to NYC via the Lincoln Tunnel. Union City is one of the most densely populated cities in the United States. It’s home to many national and regional retailers. The subject property are located under one mile from Walgreen’s, Aldi’s, Shoprite, Bank of America, Dollar Tree and many more retailers.

Exclusively Listed By

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