Mixed-Use Property with Income
1906 Bergenline Ave, Union City, NJ 07087
For Sale
$799,000
Mixed-use property featuring commercial space and residential units.
Property Size2,500 SF
Price / SF$319.60
Days on Market545
Property Features for 1906 Bergenline Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
LIBERTY REALTY, LLC.
Listed By:
JULIO PEREZ
Source:
Corcoran
Added: May 14, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 LIBERTY REALTY, LLC.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a commercial space currently operating as a barbershop, along with two two-bedroom apartments. All three front units have been renovated and are tenant-occupied on a month-to-month basis. The current rent roll for these units is $1700, $1500, and $1500 respectively. The second and third-floor units feature balconies with views of New York City. Additionally, the property includes two vacant studio apartments in the rear of the building, an unfinished basement, and a spacious backyard. The total property size is 2500 square feet.
Key Highlights
- Three renovated, tenant‑occupied units generating $4700 monthly rent.
- Includes a commercial space (barbershop).
- Two apartments feature balconies with NYC views.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,250
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,000
$825.0K
Cap Rate 7%
$589,286
$589.3K
Cap Rate 9%
$458,333
$458.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$75.0K $30.00/SF
− Vacancy
−$9.0K −$3.60/SF
EGI
$66.0K $26.40/SF
− OpEx
−$24.8K −$9.90/SF
NOI
$41.3K $16.50/SF
Area
Hudson County, NJ
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,000
Cap Rate 7%
$589,286
Cap Rate 9%
$458,333
Alternative Uses
Best Use
Mixed Use
$589.3K
$515.6K – $687.5K
NOI $41,250 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$549.2K
$480.6K – $640.8K
NOI $38,445 @ 7.0% cap · market cap 4.81%
Theoretical Best
Warehouse
$905.3K
$792.1K – $1.06M
NOI $63,369 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,353
Businesses Nearby
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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
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Market
Properties on Market for Mixed-use properties in Union City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring commercial space and residential units.
Where is this mixed-use property located?
The property is located at 1906 Bergenline Ave Union City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three renovated, tenant‑occupied units generating $4700 monthly rent.; Includes a commercial space (barbershop).; Two apartments feature balconies with NYC views.
