Mixed-Use Income Property with
615 Summit Avenue Union City, NJ 07087
For Sale
$1,190,000
Mixed-use property with five apartments and a commercial storefront, with separate utilities for all units.
Days on Market25
Property Features for 615 Summit Avenue
General Information
- Standard status
- Active
- Property subtype
- 5+ Mixed Use
Listing Agency:
The Agency Rutherford Realty Inc.
(201) 679-5025
Listed By:
Julia Gulden Dagistanli
(201) 679-5025
Source:
Compass
Added: Jun 29
Changed: Jul 21
Last Checked: Jul 23 at 8:53AM
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 The Agency Rutherford Realty Inc.
Investment Insights
Based on property information with market context.
This mixed-use income property includes two 2-bedroom apartments, two 1-bedroom apartments, and one commercial storefront. The units are served by separate utilities, including gas, electric, and water, which helps limit shared landlord utility expenses and can simplify day-to-day management. The property is described as generating approximately $109,000 in annual gross income, with operating expenses of approximately $38,000 and an estimated NOI of approximately $71,000.
The building is situated on Summit Avenue in Union City and is positioned for visibility along an established commercial and residential corridor. It also offers convenient access to NJ Transit buses with service to Midtown Manhattan and is described as minutes from the Lincoln Tunnel.
All components of the property—both residential and the storefront—are included in this offering, with the rental mix structured across the five apartments plus the single commercial space.
The building is situated on Summit Avenue in Union City and is positioned for visibility along an established commercial and residential corridor. It also offers convenient access to NJ Transit buses with service to Midtown Manhattan and is described as minutes from the Lincoln Tunnel.
All components of the property—both residential and the storefront—are included in this offering, with the rental mix structured across the five apartments plus the single commercial space.
Key Highlights
- Mixed‑use property with five apartments plus one commercial storefront.
- Unit mix: two 2‑bedroom apartments and two 1‑bedroom apartments.
- Flat roof exterior feature.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Apartment building - Mixed-use property with five apartments and a commercial storefront, with separate utilities for all units.
Where is this apartment building located?
The property is located at 615 Summit Avenue Union City, NJ.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Mixed‑use property with five apartments plus one commercial storefront.; Unit mix: two 2‑bedroom apartments and two 1‑bedroom apartments.; Flat roof exterior feature.
