967 Stuyvesant Ave, Union, NJ 07083

Building Details

Year Built

1953

Listing office Better Homes and Gardens RE Elite j*@elitebhg.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

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.

Suggested Use

Daycare Center Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Hotel & Motel Discount Store Parking Lot & Garage Catering Service Bed & Breakfast Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Union

County

Union

State

New Jersey

Longitude

-74.2707

Latitude

40.6954

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FAQs

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.