Three-Level Office
For Sale
$1,250,000
1307 STUYVESANT AVE Unit 1307, Union, NJ 07083
Freestanding commercial building with basement space, kitchenette, two bathrooms, and rear parking.
Property Size2,863 SF
Price / SF$436.60
Days on Market203
Property Features for 1307 STUYVESANT AVE Unit 1307
General Information
Standard status
Active
Size
2,863 SF
Total Parking Spaces
15
Property subtype
General Commercial
Zoning
Downtown Transition Zone
Taxes and HOA fees
Annual Taxes
$15,603
Amenities
Central Air
3
Laminate, Carpet
Asphalt Shingle
DT
Parking. Corner Lot.
15 Parking Spaces. Driveway, Off Street, Lot.
106.92X144.82, 106.92X144.82
Freestanding. Central Business District, Corner.
Building Details
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
DUARTE HOMES AGENCY LLC
(908) 249-1387
Listed By:
ADRIANA DUARTE · License #2079236
(908) 249-1387
Source:
Xome
Added: Feb 9
Changed: Aug 30
Last Checked: Aug 30 at 5:01PM
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 DUARTE HOMES AGENCY LLC
Investment Insights
Based on property information with market context.
This freestanding office property at 1307 Stuyvesant Avenue includes approximately 2,863 square feet of private office space arranged across three levels. The interior is configured with multiple offices and work areas, along with a partially finished basement, kitchenette, and two bathrooms. Central air conditioning and a mix of laminate and carpet flooring are included.
The building occupies a corner lot in Union, New Jersey, with a rear asphalt parking area providing 15 spaces. Constructed in 1920, the property is identified within the source information as being in the Downtown Transition Zone and Central Business District. Its stated use possibilities include office, mixed-use, flex space, medical office, retail, restaurant, fitness, and child-care applications, subject to buyer due diligence and municipal approvals.
The building occupies a corner lot in Union, New Jersey, with a rear asphalt parking area providing 15 spaces. Constructed in 1920, the property is identified within the source information as being in the Downtown Transition Zone and Central Business District. Its stated use possibilities include office, mixed-use, flex space, medical office, retail, restaurant, fitness, and child-care applications, subject to buyer due diligence and municipal approvals.
Key Highlights
- Approximately 2,863 square feet of private office space across 3 levels
- 15 rear parking spaces with driveway and off‑street parking
- Partially finished basement, kitchenette, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,804
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,080
$876.1K
Cap Rate 7%
$625,771
$625.8K
Cap Rate 9%
$486,711
$486.7K
Market Conditions
NOI Build-Up for 2,863 SF
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.
Gross rent
$85.9K $30.00/SF
− Vacancy
−$27.5K −$9.60/SF
EGI
$58.4K $20.40/SF
− OpEx
−$14.6K −$5.10/SF
NOI
$43.8K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,080
Cap Rate 7%
$625,771
Cap Rate 9%
$486,711
Alternative Uses
Best Use
Office B
$625.8K
$547.6K – $730.1K
NOI $43,804 @ 7.0% cap · market cap 3.50%
Second Best
Mixed Use
$539.9K
$472.4K – $629.9K
NOI $37,792 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$747.6K
$654.1K – $872.2K
NOI $52,331 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 07083, NJ
56,131
Population
20,792
Households
2.7
Avg Household Size
41
Median Age
41%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
6,452
Density / Sq Mi
$118,106
Median Household Income
$58,443
Median Earnings
$1,938
Median Rent
$425,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Freestanding commercial building with basement space, kitchenette, two bathrooms, and rear parking.
Where is this office units located?
The property is located at 1307 STUYVESANT AVE Unit 1307 Union, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 2,863 square feet of private office space across 3 levels; 15 rear parking spaces with driveway and off‑street parking; Partially finished basement, kitchenette, and two bathrooms
