Mixed-Use Property: Income
For Sale
$2,400,000
967 Stuyvesant Ave, Union, NJ 07083
Mixed-use property with residential and commercial income potential.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market164
Property Features for 967 Stuyvesant Ave
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,177
Building Details
Year Built
1953
Stories
3
Units
6
Listing Agency:
Better Homes and Gardens RE Elite
(908) 316-8530
Listed By:
J.C. GONZALEZ
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 21 at 9:50AM
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 Better Homes and Gardens RE Elite
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity with both residential and commercial tenants. The building includes four 2-bedroom apartments, currently rented below market value at $4,900 per month. Market rents could potentially increase this to approximately $8,000 per month. The commercial component features a storefront rented for $2,500 per month, and a bar/restaurant leased at $4,500 per month under a 5-year lease, with an additional $2,000 per year collected for property taxes and separate utilities. A Verizon antenna lease generates $11,000 annually. The total current monthly income is approximately $12,816, with the potential to reach $19,500, translating to a Gross Operating Income (GOI) of $153,792 annually. Estimated expenses include taxes ($18,177-$25,177), insurance ($12,695), and water ($1,500 per year). The Net Operating Income (NOI) is currently estimated at $121,420.
Key Highlights
- High income potential: Current monthly income of approximately $12,816 with the ability to increase to approximately $19,500 at market rents.
- Mixed‑use property with both residential and commercial tenants, offering diversified income streams.
- Existing commercial leases: Storefront, bar/restaurant (5‑year lease plus property tax contribution), and Verizon antenna lease generating stable income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 07083, NJ
56,131
Population
20,792
Households
2.7
Avg Household Size
41
Median Age
41%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
6,452
Density / Sq Mi
$118,106
Median Household Income
$58,443
Median Earnings
$1,938
Median Rent
$425,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial income potential.
Where is this mixed-use property located?
The property is located at 967 Stuyvesant Ave Union, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High income potential: Current monthly income of approximately $12,816 with the ability to increase to approximately $19,500 at market rents.; Mixed‑use property with both residential and commercial tenants, offering diversified income streams.; Existing commercial leases: Storefront, bar/restaurant (5‑year lease plus property tax contribution), and Verizon antenna lease generating stable income.
