Mixed-Use Building with
For Lease
$1,295,000
913 Summit Ave, Union City, NJ 07087
Four apartments and two commercial suites occupy a mixed-use property with separate utilities and an approved residential conversion.
Space SizeContact for details
Days on Market47
Property Features for 913 Summit Ave
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$14,140
Listing Agency:
Weichert Realtors, Hoboken
(201) 857-8777
Listed By:
Niren Sakaria () · License #1431626
(973) 970-8292
Source:
Fortuneluxuryrealty
Added: Sep 1
Changed: Oct 15
Last Checked: Oct 16 at 8:22AM
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 Weichert Realtors, Hoboken
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Investment Insights
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This mixed-use property combines 4 one-bedroom apartments with 2 street-level commercial storefronts of approximately 700 SF each. Both commercial suites include basement storage. A separate rear auxiliary structure has been gutted and carries city-approved authorization for an additional residential unit, with plans suited to a 2-bedroom residence or a possible 3-bedroom layout.
Residential occupants are primarily long-term, month-to-month tenants, while the storefronts are leased annually to a CBD retailer and salon. Recent capital work includes upgraded electric and gas meters. The property has separate gas and electric utilities, public water, public sewer, and natural gas service, with tenants responsible for their own utilities. Its Union City location is described as minutes from New York City.
Residential occupants are primarily long-term, month-to-month tenants, while the storefronts are leased annually to a CBD retailer and salon. Recent capital work includes upgraded electric and gas meters. The property has separate gas and electric utilities, public water, public sewer, and natural gas service, with tenants responsible for their own utilities. Its Union City location is described as minutes from New York City.
Key Highlights
- 4 one‑bedroom residential apartments
- 2 street‑level storefronts, approximately 700 SF each, with basement storage
- Rear auxiliary structure gutted for an additional residential unit
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,960
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and two commercial suites occupy a mixed-use property with separate utilities and an approved residential conversion.
Where is this mixed-use property located?
The property is located at 913 Summit Ave Union City, NJ.
What is the lease rate?
The lease rate is $1,295,000.
What are key features of this property?
This property features: 4 one‑bedroom residential apartments; 2 street‑level storefronts, approximately 700 SF each, with basement storage; Rear auxiliary structure gutted for an additional residential unit
