Mixed-Use Property with
New
For Sale
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328 32nd Street, Union City, NJ 07087
Occupied mixed-use building combining four apartments with ground-floor restaurant space and separately metered utilities.
Property SizeContact for details
Days on Market4
Property Features for 328 32nd Street
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
5+ Mixed Units
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
7%
Amenities
central air conditioning
separately metered utilities
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX SELECT - Montville
Listed By:
Michael Gabriel · License #299726
(201) 669-7534
Source:
Capmarkrealty
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 7:44AM
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 RE/MAX SELECT - Montville
Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property combines four residential apartments with an established restaurant in the ground-floor commercial area. The apartment mix includes two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one 3-bedroom/1-bath unit. Central air conditioning serves the residential units, while separate utility metering supports distinct residential and commercial operations.
The property is fully occupied and includes 8 on-site parking spaces. It is located at 328 32nd Street in Union City, near public transportation and within convenient reach of NYC, major highways, shopping, restaurants, schools, and everyday services. The property carries a 7% cap rate and provides both residential and commercial income streams.
The property is fully occupied and includes 8 on-site parking spaces. It is located at 328 32nd Street in Union City, near public transportation and within convenient reach of NYC, major highways, shopping, restaurants, schools, and everyday services. The property carries a 7% cap rate and provides both residential and commercial income streams.
Key Highlights
- Four apartments: two 2‑bedroom/1‑bath, one 1‑bedroom/1‑bath, and one 3‑bedroom/1‑bath unit
- Established restaurant occupies the ground‑floor commercial space
- Fully occupied mixed‑use property with a 7% cap rate
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,503
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied mixed-use building combining four apartments with ground-floor restaurant space and separately metered utilities.
Where is this mixed-use property located?
The property is located at 328 32nd Street Union City, NJ.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom/1‑bath, one 1‑bedroom/1‑bath, and one 3‑bedroom/1‑bath unit; Established restaurant occupies the ground‑floor commercial space; Fully occupied mixed‑use property with a 7% cap rate
