Union City Mixed-Use
2004 Bergenline Union City, NJ 07087
2004 Bergenline, Union City, NJ, 07087
$2,250,000
For Sale
$2,250,000
High-traffic location with retail and residential units.
Property Size10,200 SF
Price / SF$220.59
Days on Market223
Property Features for 2004 Bergenline
General Information
- Standard status
- Active
- Size
- 10,200 SF
- Property subtype
- Commercial
Listing Agency
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-ENGLEWOOD CLIFFS
(201) 585-8080
Listed by
HYUNJUNG KIM
Source
Corcoran
Added: Dec 6, 2025 Checked: Jul 17 at 3:39 am
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 PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-ENGLEWOOD CLIFFS
Investment Insights
Based on property information with market context.
This mixed-use property is located in Union City on Bergenline Avenue, a high-traffic area with a very high walk score of 95. The building has an approximate gross building area of 10,200 square feet. It features two retail stores on the ground floor and eight residential apartment units upstairs. The retail spaces have a ceiling height of 12.5 feet and basements for extra storage. One of the retail tenants is a longtime established dry cleaner with a steady customer base. The eight apartments are fully occupied. The property is available immediately. Nearby retailers include Dunkin Donuts, Valley Bank, and a Post Office, as well as restaurants, laundromats, and a pharmacy. The location provides easy access to all major highways. Ample street parking is available in the vicinity.
Key Highlights
- High‑traffic location on Bergenline Ave in Union City with a very high walk score (95).
- Two ground‑floor retail stores and eight fully occupied residential apartment units.
- Established dry cleaner with a strong customer base included.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $306.0k | $30.00 |
| − Vacancy | −$36.7k | −$3.60 |
| EGI | $269.3k | $26.40 |
| − OpEx | −$101.0k | −$9.90 |
| NOI | $168.3k | $16.50 |
10,200 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.40M
$2.10M – $2.81M
NOI $168,300 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$2.24M
$1.96M – $2.61M
NOI $156,856 @ 7.0% cap · market cap 6.97%
Theoretical Best
Warehouse
$3.69M
$3.23M – $4.31M
NOI $258,547 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
C & D DRY ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - High-traffic location with retail and residential units.
Where is this mixed-use property located?
The property is located at 2004 Bergenline Union City, NJ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: High‑traffic location on Bergenline Ave in Union City with a very high walk score (95).; Two ground‑floor retail stores and eight fully occupied residential apartment units.; Established dry cleaner with a strong customer base included.
