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1908 Bergenline Avenue 5

Union City, NJ 07087

MLS#: 26032931

$1,475,000

Status: Active
Listing number: 26032931
Listing provided by: Mr. Sold Realty Group, LLC
Listing agent phone: None
Last update: 12 hours ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

The property is subject to a 20-year lease with 19 years remaining. The restaurant operates under a triple-net (NNN) lease structure, with the tenant responsible for water, repairs, and 33% of the property taxes. The restaurant tenant has operated a highly successful restaurant business for more than 10 years across multiple locations, providing a strong and established tenancy. The property consists of four well-maintained 2-bedroom apartments in good condition, in addition to the restaurant space + basement. The residential units are rent-controlled, with annual rent increases of 3% or the maximum increase approved by the municipality, as applicable. The restaurant lease also provides for a 3% annual rent increase. This property offers a combination of long-term commercial tenancy, established restaurant operations, four residential units, and built-in annual rent growth.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $1,475,000

  • Tax Amount

    $19,823

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Private

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Location

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HUDSON

Elementary School

Middle School

High School

Listing Courtesy of Jose Estrada, Mr. Sold Realty Group, LLC

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The property is subject to a 20-year lease with 19 years remaining. The restaurant operates under a triple-net (NNN) lease structure, with the tenant responsible for water, repairs, and 33% of the property taxes. The restaurant tenant has operated a highly successful restaurant business for more than 10 years across multiple locations, providing a strong and established tenancy. The property consists of four well-maintained 2-bedroom apartments in good condition, in addition to the restaurant space + basement. The residential units are rent-controlled, with annual rent increases of 3% or the maximum increase approved by the municipality, as applicable. The restaurant lease also provides for a 3% annual rent increase. This property offers a combination of long-term commercial tenancy, established restaurant operations, four residential units, and built-in annual rent growth.

1908 Bergenline Avenue 5

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