Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2106 Kerrigan Ave Union City, NJ 07087
    Back to Search
    Property profile & analytics

    2106 Kerrigan Ave, Union City, NJ 07087

    View on Map
    • Warehouses
    • 0.09 lot acres
    Off-Market
    Last Sale May 18, 2021
    $1,750,000
    Property ID
    US59-0617905
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,010,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2106 Kerrigan Ave

    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property type
    Warehouses
    APN
    10 00117-0000-00014
    APU
    1000117000000014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2021 — 2100 Kerrigan Ave Uc LLC — Deed · related $450M · Goldman Sachs Bank USA
    May 18, 2021 $1,750,000 2100 Kerrigan Ave Uc LLC Cuny & Matthews Realty LLC Deed —
    Jun 4, 2007 — Cuny & Matthews Realty LLC Cuny,elmer J Quit Claim Deed —
    — — Elmer J Cuny — Deed Of Trust · related —
    — — Elmer J Cuny — Deed Of Trust · related $400k · Valley National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,250,000
      ML approach
      $2,285,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0385
    Latitude
    40.768
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,875
    $163,000
    $78,200
    $241,200
    -
    $163,000
    $78,200
    $241,200

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      716 22nd St, Unit 18

      WAREHOUSE, STORAGE
      716 22nd St, Union City, NJ 07087-2107
      View Details
    • Value Estimation by Request
      15,000 SF

      117-119 36Th St

      Distribution properties
      117-119 36Th St, Union City, NJ 07087
      View Details
    • Value Estimation by Request
      0.11 Acres

      2500 Smt Ave

      WAREHOUSE, STORAGE
      2500 Smt Ave, Union City, NJ 07087-2217
      View Details
    • Value Estimation by Request
      0.08 Acres

      3104 Central Ave

      WAREHOUSE, STORAGE
      3104 Central Ave, Union City, NJ 07087-2403
      View Details
    • Value Estimation by Request
      15,000 SF

      117-119 36Th St

      Distribution properties
      117-119 36Th St, Union City, NJ 07087
      View Details
    • Value Estimation by Request
      0.06 Acres

      2108 Ww St, Unit 10

      WAREHOUSE, STORAGE
      2108 Ww St, Union City, NJ 07087-3512
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Union City Industrial Warehouse

      Industrial warehouse in Union City, NJ, ideal for various operations.
      109-11 45Th St, Union City, NJ 07087
      View Details
    • Contact for pricing

      Industrial Warehouse on 114x135 Lot

      Industrial warehouse suitable for storage, operations, or light manufacturing.
      109-111 45Th St, Union City, NJ 07087
      View Details
    • Contact for pricing

      Vacant Industrial Property Opportunity

      Vacant industrial property suitable for various business uses.
      2404 Summit Ave, Union City, NJ 07087
      View Details
    • Contact for pricing
      5,000 SF

      Union City Warehouse Opportunity

      15,000 SF warehouse with drive-in loading dock.
      117-119 36Th St, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Multifamily Property

      Multifamily property in Union City, sold as-is with tenants.
      513 New York Ave, Union City, NJ 07087
      View Details

    Similar Nearby for Lease

    • $5,300 /Mo

      Houdini Studios: Flexible Commercial Space

      Versatile 3,200+ sq ft space in Union City.
      216 19Th St, Union City, NJ 07087
      View Details
    • Contact for pricing

      Remodeled Union City Commercial Space

      Remodeled commercial space suitable for various businesses in Union City.
      326 38Th St, Union City, NJ 07087
      View Details
    • $31,250

      Iconic Firehouse Commercial Space Available

      Versatile 12,500 SF commercial space with unique historical character.
      2607 New York Ave, Union City, NJ 07087
      View Details
    • $31,250
      12,500 SF

      Union City Commercial Space Available

      Commercial space available for rent in Union City, New Jersey.
      2607 New York Ave, Union City, NJ 07087
      View Details
    • $7,777 /Mo

      Union City Flex Space Available

      7,500 SF flex space on Bergenline Avenue for rent.
      2610 Bergenline Ave, Union City, NJ 07087
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2106 Kerrigan Ave
    Union City, NJ 07087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2106 Kerrigan Ave, Union City, NJ, 07087
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!