Corner Retail
For Sale
Contact for pricing
3700 New York Ave #GROUND, Union City, NJ 07087
Ground-level commercial space at a prominent street intersection.
Property Size1,100 SF
Price / SF$3
Days on Market75
Property Features for 3700 New York Ave #GROUND
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Listing Agency:
Re/Max Premier
(908) 872-5473
Listed By:
The Campusano Group
(646) 469-7874
Source:
Thecampusanogroup
Added: Aug 3
Changed: Oct 15
Last Checked: Oct 16 at 9:18AM
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 Premier
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,100-square-foot retail space occupies the ground level of a commercial property. The suite is positioned at the corner of 37th Street and New York Avenue, providing a street-facing setting for retail use.
The property is located in Union City, New Jersey, at 3700 New York Avenue. Tenants are responsible for heat and hot water.
The property is located in Union City, New Jersey, at 3700 New York Avenue. Tenants are responsible for heat and hot water.
Key Highlights
- 1,100 SF ground‑level retail space
- Corner position at 37th Street and New York Avenue
- Located in Union City, NJ
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,701
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,020
$314.0K
Cap Rate 7%
$224,300
$224.3K
Cap Rate 9%
$174,456
$174.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$23.8K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.4K $20.39/SF
− OpEx
−$6.7K −$6.12/SF
NOI
$15.7K $14.27/SF
Area
Hudson County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,020
Cap Rate 7%
$224,300
Cap Rate 9%
$174,456
Alternative Uses
Best Use
Retail
$224.3K
$196.3K – $261.7K
NOI $15,701 @ 7.0% cap · market cap 475.79%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$398.3K
$348.5K – $464.7K
NOI $27,882 @ 7.0% cap · market cap 844.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,802
Businesses Nearby
202k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 27%
Electronics 8%
Apparel 7%
McDonald's
Dining
60,394 visits/mo
0.3 miles
IHOP
Dining
22,458 visits/mo
0.4 miles
TD Bank
Shops & Services
17,731 visits/mo
0.3 miles
Taco Bell
Dining
14,953 visits/mo
0.3 miles
Speedway
Shops & Services
14,297 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-level commercial space at a prominent street intersection.
Where is this retail space located?
The property is located at 3700 New York Ave #GROUND Union City, NJ.
What are key features of this property?
This property features: 1,100 SF ground‑level retail space; Corner position at 37th Street and New York Avenue; Located in Union City, NJ
