$1,475,000
1908 Bergenline Avenue, Union City, NJ, 07087
MLS# 26032931
0.057 acres (2,500 sqft)
Lot Size
1933
Year Built
Commercial — Retail
Property Type
Description
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.
Tax & Financial Information
| Annual Property Taxes | $18,722 (NJ Public Records) |
| Tax Assessment | $1,072,700 |
| Land Assessment | $400,000 |
| Listed | August 30, 2026 |
Listing Information
Listing Office: Mr. Sold Realty Group, LLC — 201-838-6377
Listing Agent: Jose Estrada — 201-838-6377 — mrsold1@yahoo.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 9/23/2026.
Total Monthly Cost
$11,058/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $295,000 | Loan: $1,180,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Union City
NJ Transit Bus 156/159
Hoboken Terminal
~2 mi from town center
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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