438 E Union, Newark, NY 14513
Single-story office building with private offices, a large conference room, and ample parking for everyday business use.
- Added:
- Jun 4, 2026
- Days on Market:
- 30
- Last Refresh:
- Jun 20 at 7:41 am
Property Features for 438 E Union
General Information
- Standard status
- Active
- Size
- 2,840 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1980
Listing office Acropolis Realty Group LLC (315) 374-0551
Listing date Jun 4, 2026
Source Xome
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 Acropolis Realty Group LLC
HighLights
- Single‑story block office building on busy East Union Street with multiple private offices
- Includes 5 private offices plus a large conference room for meetings and client use
- Multiple bathrooms and a kitchenette included in the building
- Asphalt shingle roof and central air with gas heating
- B3 zoning and 15 parking spaces on a rectangular 100 x 219 lot
- Green space behind the building and it borders the barge canal
Overview
Located on busy East Union Street, the building benefits from straightforward access for employees, clients, and visitors. The property borders the barge canal, and nearby businesses include Micro Tel and Byrne Dairy.
The existing office layout can fit organizations seeking dedicated private workspaces along with a shared conference setting. With multiple restrooms and a kitchenette, the space supports routine workdays without additional build-out. The combination of parking and outdoor green space behind the building adds practical convenience for tenants and staff.
Local Financial Insights For Office B
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 | $61.3k | $21.60 |
| − Vacancy | −$9.1k | −$3.22 |
| EGI | $52.2k | $18.38 |
| − OpEx | −$13.1k | −$4.60 |
| NOI | $39.2k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Wayne
- State
- New York
- Longitude
- -77.10683
- Latitude
- 43.046099
