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4407-4411 Park Ave
Union City, NJ 07087
Office Property For Sale


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.
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
Property Taxes
| Parcel Number | 10-00259-0000-00018 | Improvements Assessment | $962,900 |
| Land Assessment | $247,000 | Total Assessment | $1,209,900 |
Property Taxes
Parcel Number
10-00259-0000-00018
Land Assessment
$247,000
Improvements Assessment
$962,900
Total Assessment
$1,209,900
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