609 38TH ST

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609 38TH ST

Union City, NJ 07087
Asking Price
$899K
Asset Type
Retail
Class
Class B

What's Special

609 38th Street is a retail property located in the urban core of Union City, New Jersey. The surrounding neighborhood is characterized by high-density residential buildings and a diverse mix of local commercial businesses. The site is situated near Kennedy Boulevard, a primary northern New Jersey arterial road. Public transportation options are significant, with multiple NJ Transit bus routes providing direct service into the Port Authority Bus Terminal in Manhattan. The immediate area features a variety of community amenities, including local grocery stores, pharmacies, and municipal services, ensuring steady pedestrian traffic throughout the week. The property is suited for essential service providers and neighborhood-scale retail operations. Ideal use cases include convenience stores, specialty boutiques, professional service offices, or small-scale food and beverage outlets. Typical tenants for this location often include independent business owners or regional franchisees looking to serve a dense, localized consumer base. The street-level frontage offers visibility within a walkable district, catering to daily commuters and local residents. The interior layout provides flexibility for businesses requiring a compact footprint in a high-traffic urban environment.

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

Location & Travel Times