Mixed-Use Property with
1908 Bergenline Ave, Union City, NJ 07087
For Sale
$1,475,000
Restaurant space and four apartments combine commercial tenancy with residential units under rent-control provisions.
Property SizeContact for details
Days on Market47
Property Features for 1908 Bergenline Ave
General Information
Standard status
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Tenancy
Listing Agency:
Mr. Sold Realty Group, LLC
(201) 857-8777
Listed By:
Jose Estrada ()
(201) 838-6377
Source:
Fortuneluxuryrealty
Added: Sep 24
Changed: Oct 26
Last Checked: Nov 8 at 5:26AM
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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Investment Insights
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This mixed-use property includes restaurant space with a basement and four two-bedroom apartments described as being in good condition. The restaurant is subject to a 20-year lease, with 19 years remaining, structured as NNN. The tenant is responsible for water, repairs, and 33% of the property taxes. The restaurant operator has been in business for more than 10 years across multiple locations.
Residential units are rent-controlled, with annual increases of 3% or the maximum increase approved by the municipality, as applicable. The restaurant lease also provides for annual rent increases of 3%.
Residential units are rent-controlled, with annual increases of 3% or the maximum increase approved by the municipality, as applicable. The restaurant lease also provides for annual rent increases of 3%.
Key Highlights
- Four two‑bedroom apartments in good condition
- Restaurant space includes a basement
- Restaurant lease has 19 years remaining on a 20‑year term
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,353
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Dollar Tree
Shops & Services
17,604 visits/mo
0.5 miles
Dollar General
Shops & Services
16,940 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,888 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
5,047 visits/mo
0.4 miles
Mavis Discount Tire
Shops & Services
2,142 visits/mo
0.4 miles
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant space and four apartments combine commercial tenancy with residential units under rent-control provisions.
Where is this mixed-use property located?
The property is located at 1908 Bergenline Ave Union City, NJ.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Four two‑bedroom apartments in good condition; Restaurant space includes a basement; Restaurant lease has 19 years remaining on a 20‑year term
