Newly Renovated Retail
For Sale
Contact for pricing
3706 NEW YORK AVE, Union City, NJ 07087
Newly renovated storefront commercial space on a main street with regular foot and vehicle traffic.
Property Size500 SF
Price / SF$3.60
Days on Market109
Property Features for 3706 NEW YORK AVE
General Information
Standard status
Active
Size
500 SF
Property subtype
Retail
Lease Type
Gross
Building Details
Building Size
500 SF
Listing Agency:
HP PROPERTIES
Listed By:
JUNIO FERMIN · License #9910976
(201) 751-5111
Source:
Propertiesbysouthern
Added: Jul 7
Changed: Oct 18
Last Checked: Oct 21 at 3:59AM
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 HP PROPERTIES
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 newly renovated retail storefront offers commercial space suited for an owner-user or business startup. The space is positioned for strong street-facing visibility and is presented in refreshed condition.
The property is located at 3706 New York Ave in Union City, NJ, on a main street with regular traffic and plenty of foot traffic.
The offering is described as a gross lease arrangement, with the tenant responsible for heat and hot water. The owner pays water and sewer, which may help simplify certain operating expenses for an in-place tenant.
The property is located at 3706 New York Ave in Union City, NJ, on a main street with regular traffic and plenty of foot traffic.
The offering is described as a gross lease arrangement, with the tenant responsible for heat and hot water. The owner pays water and sewer, which may help simplify certain operating expenses for an in-place tenant.
Key Highlights
- Newly renovated storefront commercial space on a main street
- Gross lease structure with tenant paying heat and hot water
- Owner pays water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,137
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,740
$142.7K
Cap Rate 7%
$101,957
$102.0K
Cap Rate 9%
$79,300
$79.3K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$10.8K $21.60/SF
− Vacancy
−$605 −$1.21/SF
EGI
$10.2K $20.39/SF
− OpEx
−$3.1K −$6.12/SF
NOI
$7.1K $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%
$142,740
Cap Rate 7%
$101,957
Cap Rate 9%
$79,300
Alternative Uses
Best Use
Retail
$102.0K
$89.2K – $119.0K
NOI $7,137 @ 7.0% cap · market cap 396.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$181.1K
$158.4K – $211.2K
NOI $12,674 @ 7.0% cap · market cap 704.11%
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
Balanced
Demand for This Use
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
Similar Off Market Nearby
- Cut 1 Floral Designs — 2000 West St, Union City, NJ 07087
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- Spring Garden Flowers — 2241 John F. Kennedy Blvd, North Bergen, NJ 07047
- Golden Petal Florist — 2602 Bergenline Ave, Union City, NJ 07087
- Bergenline Florist & Flower Delivery Union City NJ — 2911 Bergenline Ave, Union City, NJ 07087
Frequently Asked Questions
What type of property is this?
Storefront property - Newly renovated storefront commercial space on a main street with regular foot and vehicle traffic.
Where is this storefront property located?
The property is located at 3706 NEW YORK AVE Union City, NJ.
What are key features of this property?
This property features: Newly renovated storefront commercial space on a main street; Gross lease structure with tenant paying heat and hot water; Owner pays water and sewer
