Mixed-Use Property with
1908 Bergenline Avenue, Union City, NJ 07087
For Sale
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Long-term NNN restaurant tenancy is paired with four rent-controlled apartments and a basement area.
Property SizeContact for details
Days on Market59
Property Features for 1908 Bergenline Avenue
General Information
Standard status
Property subtype
Listing Agency:
Mr. Sold Realty Group, LLC
Listed By:
Jose Estrada
(201) 838-6377
Source:
Capmarkrealty
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 8 at 3:01AM
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
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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
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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 - 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 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
