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Prime Development Opportunity

ATTENTION INVESTORS! Prime Development Opportunity in Union City

Listing Contacts

Active

Asking Price: $1,875,000
Earnest Money  Deposit: 30% min.
Address 

609 25th St, Union City, NJ 07087

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Date Added
Feb 20, 2025
Days on Market
59 days
Time Since Last Update
51 days

Details

Property TypeMultifamily
SubtypeApartment Building
Investment TypeRedevelopment
Investment Sub Typemultifamily
ClassA
Square Footage2,000
Cap Rate0.00%
Pro-Forma Cap Rate0.00%
Occupancy100%
NOI$0
Pro-Forma NOI$0
Year Built1922
Year Renovated2008
Buildings3
Stories1
Ground LeaseNo
Ownershipprivate
IntelligenceINTELLIGENCE
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Marketing Description

A rare investment and development opportunity in the heart of Union City, spanning from 24th Street to 25th Street! This unique assemblage consists of 4 lots at 609 & 611 25th St.​, 608 24th St.​, and 610 24th St.​, offering high-density residential or mixed-use development potential in one of the most sought-after locations.​

Property Details:

📍 Addresses: 609 25th St.​, 608 24th St.​, 610 24th St.​, Union City, NJ
📍 Lot Size & Configuration:

  • 609-611 25th St.​: (2 lots) total 51' x 100' – Improved with a commercial building and business.​

  • 608 24th St.​ Commerical Building

  • 610 24th St.​: 27' x 100' each – Improved with a two-family home.​

  • total

Development Potential:

Multi-family or mixed-use development possibilities
Potential for up to 27 residential units (subject to municipal approvals)
Prime commuter-friendly location, minutes from NYC!

Additional Notes:

  • Properties are being sold strictly AS-IS.​

  • Must be purchased as a package—no individual lot sales.​

With its generous lot size, flexible zoning, and strong demand for housing, this property offers an exceptional opportunity for investors and developers to capitalize on Union City's thriving real estate market.​

Investment Highlights

Prime Development Opportunity – Three contiguous lots spanning from 24th St. to 25th St. in the heart of Union City.

Large Land Assemblage – Total 10,503 sq. ft. (Block 00136, Lots 00021, 00022 & 0009) featuring a commercial building with a business and a two-family home.

High-Density Potential – Potential for up to 27 residential units (subject to municipal approvals). Past approvals available upon request.

Commuter-Friendly Location – Minutes from NYC, surrounded by shopping, dining, and public transportation.

Sold As-Is & As a PackageNo individual lot sales. Investors & developers, seize this rare opportunity!

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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