Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    967 Stuyvesant Ave Union, NJ 07083

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,400,000

    Mixed-use property with residential and commercial income potential.

    Lot size:
    0.06 Acres

    Property Features for 967 Stuyvesant Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.06 Acres

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    J.c. Gonzalez
    J.c. Gonzalez
    Source: Elliman

    Listing Agent: J.c. Gonzalez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Property: Income Potential

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

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.2707211
    Latitude
    40.6954121

    Nearby Similar for Sale

    • $2,699,000
      6,188 SF

      Turnkey Retail Opportunity in Union

      Prime commercial property with existing retail infrastructure in Union, NJ.
      454 Chestnut St, Union, NJ 07083
      View Details
    • $915,000
      Pending

      Retail/Professional Building on Corner Lot

      Well-maintained retail/professional building with two units and parking.
      1360 Stuyvesant Ave, Union, NJ 07083
      View Details
    • New
      $849,000
      0.13 Acres

      Renovated Duplex in Union Township

      Meticulously renovated duplex, perfect for living or investment.
      1066-1068 W Chestnut St, Union, NJ 07083
      View Details
    • Contact for pricing
      0.27 Acres

      Updated Commercial Space on Burnet

      Newly updated commercial unit in Union Twp with excellent visibility.
      1300 Burnet Ave, Union, NJ 07083
      View Details
    • $950,000

      Spacious Duplex in Union Twp.

      Large side-by-side duplex with updated features and convenient location.
      159 Wyoming Ave, Union, NJ 07083
      View Details
    • $1,500,000
      1,954 SF

      Union Twp. Religious Facility

      Well-maintained religious property with sanctuary, office, kitchen, and parking.
      1608 Porter Rd, Union, NJ 07083
      View Details
    • New
      $829,000
      Pending

      Updated Multi-Family Investment Opportunity

      Renovated duplex in Union Twp. offers income potential.
      346 Tucker Ave, Union, NJ 07083
      View Details
    • $2,400,000
      0.06 Acres

      Mixed-Use Investment Opportunity in Union

      Mixed-use property with residential and commercial income potential.
      967 Stuyvesant Ave, Union, NJ 07083
      View Details
    • $2,699,000
      6,188 SF

      Turnkey Retail Opportunity in Union

      Prime commercial property with existing retail infrastructure in Union, NJ.
      454 Chestnut St, Union, NJ 07083
      View Details
    • New
      $999,999
      3,218 SF

      Renovated Duplex in Union Township

      Modern, renovated duplex in Union Twp. with commuter convenience.
      1453 Morris Ave, Union, NJ 07083
      View Details
    • $3,200,000

      Corner Strip Mall For Sale

      Well-maintained strip mall in high-traffic location.
      1200 Stuyvesant Ave, Union, NJ 07083
      View Details
    • $780,000
      Pending

      Union Twp. Multi-Family Property

      Two-family property in Union Twp., NJ, ideal for commuters.
      931 Madison Ave, Union, NJ 07083
      View Details

    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: Current monthly income of approximately $12,816 with the ability to increase to approximately $19,500 at market rents.; - Mixed-use property with both residential and commercial tenants, offering diversified income streams.; - Existing commercial leases: Storefront, bar/restaurant (5-year lease plus property tax contribution), and Verizon antenna lease generating stable income.
    (908) 316-8530
    Request Owner's contact information
    967 Stuyvesant Ave Union, NJ 07083
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    967 Stuyvesant Ave
    Union, NJ 07083
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    J.c. Gonzalez
    J.c. Gonzalez
    (908) 316-8530
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!