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4407-4411 Park Ave 9,522 SF 83% Leased Office Building Union City, NJ 07087 $2,200,000 ($231.04/SF) 7.69% Cap Rate



Investment Highlights
- EXCEPTIONAL COMMERCIAL OFFICE BUILDING FOR SALE : PRIME UNION CITY PARK AVENUE BOARDER WEEHAWKEN.
- Occupancy Flexibility: This asset can be delivered either vacant for immediate owner occupancy or with an existing tenant in place for seamless income
- The building is currently configured with 7 individual suites and includes 4 half bathrooms & ample parking.
Executive Summary
EXCEPTIONAL COMMERCIAL OFFICE BUILDING FOR SALE : PRIME UNION CITY PARK AVENUE LOCATION! A truly rare and outstanding opportunity awaits to acquire a highly desirable commercial office building located at 4407-4411 Park Ave in Union City, New Jersey. This expansive property presents significant potential for owner-operators or investors alike, offering flexibility and superb condition in a sought-after location. Property Highlights & Features: -Size and Configuration: The building is currently configured with 7 individual suites and includes 4 half bathrooms, providing versatile options for various business types and multi-tenant occupancy. -Parking: A crucial advantage in this dense area, the property boasts 5+ dedicated parking spaces. Basement Potential: The basement area is fully finished and offers valuable additional space, perfectly suited for use as extra storage or potentially as an additional office area. -Condition: The entire building is maintained in very good condition, minimizing immediate capital expenditure for the new owner. -Occupancy Flexibility: This asset can be delivered either vacant for immediate owner occupancy or with an existing tenant in place for seamless income generation, depending on the buyer's preference. -Location and Accessibility: Prime Border Location: Strategically situated on the border of Weehawken, the property benefits from proximity to its affluent and desirable neighboring municipality. -Unparalleled NYC Access: The location offers the utmost convenience with 24-hour New York City transportation readily available, making it highly attractive to employees, clients, and customers commuting from Manhattan and beyond. This property represents an ideal investment for those seeking a well-maintained, versatile commercial space with excellent transportation links and high visibility in a thriving area.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,522 SF
Building Class
B
Year Built
1924
Price
$2,200,000
Price Per SF
$231.04
Cap Rate
7.69%
NOI
$169,161
Percent Leased
83%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,174 SF
Building FAR
2.19
Lot Size
0.10 AC
Zoning
R-MF - OFFICE BUILDING FOR SALE PRIME UNION CITY PARK AVENUE LOCATION!
Parking
5 Spaces (0.53 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Fenced Lot
- Security System
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cross Country Mortage
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Lytton McDonnell
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Milton & Hugo LLC
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cross Country Mortage | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Lytton McDonnell | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Milton & Hugo LLC | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Ground floor can be used as retail or office. High Ceilings. Vault.
Second floor two room office.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,200 SF | Office | Full Build-Out | Now |
| 2nd Floor | 400 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 400 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Ground floor can be used as retail or office. High Ceilings. Vault.
2nd Floor
| Size | 400 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Second floor two room office.
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00259-0000-00018 | Total Assessment | $1,209,900 |
| Land Assessment | $247,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $962,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
10-00259-0000-00018
Land Assessment
$247,000
Improvements Assessment
$962,900
Total Assessment
$1,209,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4407-4411 Park Ave
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