Mixed-Use Property with
New
For Sale
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1908 Bergenline Avenue #5, Union City, NJ 07087
Long-term NNN restaurant tenancy is paired with four rent-controlled apartments and a basement area.
Property SizeContact for details
Days on Market2
Property Features for 1908 Bergenline Avenue #5
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Mr. Sold Realty Group, LLC
Listed By:
Jose Estrada
(201) 838-6377
Source:
Capmarkrealty
Added: Sep 12
Last Checked: Sep 13 at 4:42AM
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 Mr. Sold Realty Group, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating restaurant space and basement with four residential apartments. Each apartment contains 2 bedrooms, and the units are described as well maintained and in good condition. The restaurant tenant has operated for more than 10 years across multiple locations.
The commercial component is subject to a 20-year lease with 19 years remaining and uses an NNN structure. Under the lease, the restaurant tenant is responsible for water, repairs, and 33% of the property taxes. The restaurant lease provides for a 3% annual rent increase, while the rent-controlled apartments allow annual increases of 3% or the maximum permitted by the municipality, as applicable.
The commercial component is subject to a 20-year lease with 19 years remaining and uses an NNN structure. Under the lease, the restaurant tenant is responsible for water, repairs, and 33% of the property taxes. The restaurant lease provides for a 3% annual rent increase, while the rent-controlled apartments allow annual increases of 3% or the maximum permitted by the municipality, as applicable.
Key Highlights
- Four 2‑bedroom apartments plus restaurant space and basement
- 20‑year lease with 19 years remaining
- Restaurant lease structured as NNN
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Long-term NNN restaurant tenancy is paired with four rent-controlled apartments and a basement area.
Where is this mixed-use property located?
The property is located at 1908 Bergenline Avenue #5 Union City, NJ.
What are key features of this property?
This property features: Four 2‑bedroom apartments plus restaurant space and basement; 20‑year lease with 19 years remaining; Restaurant lease structured as NNN
