Properties

Description

Exceptional investment opportunity! This mixed-use property offers strong income potential with both residential and commercial tenants. The building features four 2-bedroom apartments currently rented below market at $4,900/month, with the ability to increase to approximately $8,000/month at market rents. The commercial portion includes a storefront ($2,500/month), a bar/restaurant leased at $4,500/month under a 5-year lease (plus an additional $2,000/year collected for property taxes, with separate utilities), and a Verizon antenna lease generating $11,000/year. Total current monthly income is approximately $12,816, with the potential to reach $19,500, translating to a Gross Operating Income (GOI) $153,792 annually. Estimated expenses include taxes ($18,177-$25,177), insurance ($12,695), and water ($1,500/year). The Net Operating Income (NOI) is currently estimated at $121,420.

Features

  • Heating System : Baseboard - Hotwater
  • Cooling System : Window A/c(s), No Cool
  • Roof Deck : Asphalt Shingle
  • Furnished : Tile, Wood
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 77500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: BHGRE ELITE
  • Office MLS ID: 4952
  • Agent ID: 242596
  • Tax: 18177
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Residential

Commercial For Sale

For Sale
$2,400,000

967 Stuyvesant Ave, Union Twp., *

  • SQFT 25 Acre
  • Built Year 1953

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5388811
  • Price: $2,400,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1953
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Union
  • City Union Twp.
  • Zipcode *
  • Street: Stuyvesant Ave
  • Street Number: 967
  • Street Direction: Morris Ave to Stuyvensant Ave
  • Floor Number: 0
  • Longitude: W75° 43' 44.8''
  • Latitude: N40° 41' 44''
  • Internet Display Address: Yes
Property