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    967 Stuyvesant Ave Union, NJ 07083

    For Sale
    $2,400,000

    Commercial - Union Twp., NJ

    Lot size:
    0.06 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 967 Stuyvesant Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1953
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Tile, Wood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Better Homes and Gardens RE Elite (908) 316-8530 [email protected]

    Listing agent J.C. GONZALEZ (908) 316-8530

    Listing date Oct 6, 2025

    MLS# 3991035 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity in Union

    This mixed-use property in Union Twp., NJ, presents an investment opportunity with both residential and commercial tenants. The building includes four 2-bedroom apartments, currently rented below market value at a combined $4,900 per month. There is potential to increase rents to approximately $8,000 per month. The commercial component features a storefront rented for $2,500 per month, and a bar/restaurant under a 5-year lease at $4,500 per month, with an additional $2,000 annually collected for property taxes and separate utilities. A Verizon antenna lease generates $11,000 per year. The total current monthly income is approximately $12,816, with the potential to reach $19,500. The Gross Operating Income (GOI) is $153,792 annually. Estimated expenses include taxes (between $18,177 and $25,177), insurance ($12,695), and water ($1,500 per year). The Net Operating Income (NOI) is currently estimated at $121,420. The property is located on a lot of 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.27089
    Latitude
    40.69556

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial income potential.
    Where is this mixed-use property located?
    The property is located at 967 Stuyvesant Ave Union, NJ.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - High income potential with current monthly income of approximately $12,816 and potential to reach $19,500.; - Mixed-use property with both residential and commercial income streams.; - Strong Net Operating Income (NOI) currently estimated at $121,420.
    (908) 316-8530
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    Union, NJ 07083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    967 Stuyvesant Ave Union, NJ 07083
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