For Sale

Description

217-219 New York Ave, Union City, NJ – Offered at $975,000 | Rare 4-Family Opportunity on a 50x50 Lot. Welcome to 217-219 New York Ave, a rare opportunity to own a solid four-family property in one of Union City’s most convenient and consistently high-demand locations. Situated on an oversized 50x50 lot with driveway parking, this property offers strong income potential, long-term upside, and flexibility for both investors and owner-occupants looking to offset expenses with substantial rental income. The building spans four levels and features a total of 8 bedrooms, 4 full baths, 4 kitchens, multiple living spaces, and additional flexible space. Each residential level offers a traditional 2-bedroom, 1-bath layout that continues to perform well with strong local rental demand. The property may also be eligible for exemption from rent control, presenting even greater long-term value and future income growth potential for qualified buyers. Additional features include gas utilities, baseboard and radiator heat, and a durable low-maintenance exterior with aluminum/vinyl siding and stone finishes. Annual taxes for 2025 are $11,943.95. Exceptionally close to Washington Park, the property is surrounded by local restaurants, cafés, shopping, schools, and neighborhood conveniences. Commuters will appreciate easy access to NJ Transit bus service into Port Authority, nearby light rail connections, and quick routes into Hoboken, Jersey City, and Manhattan via Route 495 and the Lincoln Tunnel. With its oversized lot dimensions, strong location, and flexible layout, this property also presents exciting possibilities for future expansion, redevelopment, or reconfiguration opportunities subject to approvals. Opportunities like this are becoming increasingly difficult to find in today’s market.