Corner Strip Mall For
1200 Stuyvesant Union, NJ 07083
1200 Stuyvesant, Union, NJ, 07083
$3,200,000
For Sale
$3,200,000
Well-maintained strip mall in high-traffic location.
Property Size6,406 SF
Price / SF$499.53
Days on Market144
Property Features for 1200 Stuyvesant
General Information
- Standard status
- Active
- Size
- 6,406 SF
- Property subtype
- Commercial
Listing agency
COLDWELL BANKER, FORT LEE
(201) 461-5000
Listed by
BRIAN YOO
Source
Corcoran
Added: Feb 27 Updated: Jul 6 at 10:00AM Checked: Jul 21 at 5:14AM
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 COLDWELL BANKER, FORT LEE
Investment Insights
Based on property information with market context.
This well-maintained corner strip mall is situated in a high-visibility, heavy traffic location. The retail property totals approximately 6,406 square feet and includes 23+ parking spaces. The building is fully occupied with a history of long-term, established tenants, including a bagel shop, hair salon, dry cleaner, and dental office. Tenants are responsible for all utilities, plus a portion of real estate taxes, sprinkler maintenance, and snow removal. The roof and stucco siding were replaced in 2010. The property is located in Union, NJ 07083.
Key Highlights
- High‑traffic corner location with excellent visibility
- Fully occupied with long‑term, established tenants
- Tenants pay all utilities plus a portion of real estate taxes, sprinkler maintenance, and snow removal
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.4k | $21.60 |
| − Vacancy | −$7.7k | −$1.21 |
| EGI | $130.6k | $20.39 |
| − OpEx | −$39.2k | −$6.12 |
| NOI | $91.4k | $14.27 |
6,406 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.52M
NOI $91,435 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,091 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Well-maintained strip mall in high-traffic location.
Where is this strip mall located?
The property is located at 1200 Stuyvesant Union, NJ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: High‑traffic corner location with excellent visibility; Fully occupied with long‑term, established tenants; Tenants pay all utilities plus a portion of real estate taxes, sprinkler maintenance, and snow removal
