Mixed-Use Property with Income
1012 New York Ave, Union City, NJ 07087
Mixed-use property featuring residential and commercial spaces, well-maintained.
Type:Commercial/Industrial
Property size:
4,800 SFLot size:
0.11 AcresPrice / SF:
$291/SF- Added:
- Mar 11, 2026
- Days on Market:
- 73
- Last Refresh:
- Apr 5 at 9:20 pm
Property Features for 1012 New York Ave
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing agent THOMAS RUSSO License #0896342
Listing office RE/MAX SELECT (201) 337-5555
Listing date Mar 11, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT
HighLights
- Multiple income streams from two apartments, barber shop, and salon/studio.
- Two 2‑bedroom apartments for rental income or owner occupancy.
- Well‑maintained property showing pride of ownership.
- Separate utilities for each unit (except water).
- Attached one‑car garage.
- Relatively new (3 years old) flat roof.
Overview
This mixed-use property is suitable for owner-occupiers or investors, offering multiple income streams. The property includes two 2-bedroom apartments, a men's barber shop, and a full-service salon/studio. The building is well-maintained and shows pride of ownership. A one-car garage is attached. The property has separate utilities, excluding water. The flat roof is 3 years old. The property size is 4800 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$892.6K
NOI $80,334 @ 9.00% cap · cautious / downside scenario
Moderate
$1.15M
NOI $80,334 @ 7.00% cap · market / base-case scenario
Aggressive
$1.61M
NOI $80,334 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.7k | $25.56 |
| − Vacancy | −$7.9k | −$1.65 |
| EGI | $114.8k | $23.91 |
| − OpEx | −$34.4k | −$7.17 |
| NOI | $80.3k | $16.74 |
4,800 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,334 @ 7.0% cap · market cap 5.74%
Second Best
Mixed Use
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 5.66%
Theoretical Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,669 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Endless Beauty by ...
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0365
- Latitude
- 40.7583
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring residential and commercial spaces, well-maintained.
Where is this mixed-use property located?
The property is located at 1012 New York Ave Union City, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Multiple income streams from two apartments, barber shop, and salon/studio.; Two 2‑bedroom apartments for rental income or owner occupancy.; Well‑maintained property showing pride of ownership.
