$2,400,000

967 Stuyvesant Ave, Union Twp NJ, 07083

Built in1953

Property typeCommercial

Overview

Active

Listed Oct 6, 2025

Updated Jun 2

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.

Other Property Details

Taxes: $18,177
Tax Frequency: Annually

Courtesy of BHGRE ELITE with J.C. GONZALEZ,
Listing Contact: 9083168530

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