53 Union St Montclair, NJ ^$ 1,850,000

53 Union St

^$ 1,850,000

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53 Union St

Montclair, NJ, 07042

^$ 1,850,000

Studio Baths0.7 Sq 6,174

Monthly Estimate*

^$ 12,923

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Studio

Commercial Property for sale in Montclair, NJ

for $1,850,000 with 7 half baths. This 6,174 square foot building was built in 1973.

Prime location on residential street. ALL brick 3 story apartment building in the heart of beautiful and desirable Estate Section in Montclair. SUNNY and SPACIOUS 7 Unit Apartment - (2) 2 Br Apts (One Renovated), (5) 1 Br Apts (Some renovated). Hardwood Floors in some units. 11 parking spaces, Indoor and outdoor parking. (4 Indoor garage- can be $350 per month and 6 Outdoor - can be $200 per month) Convenient to NYC trains and buses, shops, restaurants, parks, highways. Coin Operated Washer and Dryer in Building on 1st Floor. Rents are under market value. Potential Gross Monthly Income: $16,600. Seller Financing NOT an OPTION. Cash preferred.

Commercial Pending

Price

^$ 1,850,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 29,906

Style

Apartment Complex

Year Built

1973

Town/City

Montclair

County/Region

Essex

MLS | Web ID

3882054

Features

General

Sewer Public Sewer

Construction Brick/Block

Heating 1 Unit Baseboard - Hotwater

Cooling Wall A/C Unit(s)

Utilities Electric Gas-Natural

Possession TBA

Roof Flat

Zoning R-4

Garage Spaces 10

Year Built 1973

Tenant Pays Electric

Township Montclair Twp.

Property Type Apartment Complex Apartment Complex

Tax Year 2023

Percent Ownership Fee Simple

Location Residential Area See Remarks

Lease Information 1 Year Minimum Month-To-Month

County Essex

Subdivision Name Montclair Estate Section

Status Under Contract

Directions Union Street between S. Fullerton Ave and S. Willow Ave

Total Units 7

Street Name Union St

Tax Annual Amount 29906

Drive 1 Car Width Blacktop Off-Street Parking Parking Lot-Exclusive

Leasable Area 0

Days on Market 64

Standard Status Under Contract

Tax Assessed Value 884800

Town # 1613

Tax Lot 9

Farm Assessment No

Interior

Flooring Laminate Tile Wood

Fuel Type Gas-Natural

Total Stories 3

Half Baths 7

Exterior

Lot Features Level Lot

Water Source Public Water

Exterior Description Brick/Block

Building Area Total 6174

Lot Dimensions 70X158 IRR

Lot Size Acres 0.00

* Excluded Features

List By

FANNY NA CHUNG

Listing Agent

Keller Williams Suburban Realty

Broker

fannynachung@kw.com

Affordability Calculator

$15,415

Per Month

Monthly Principal & Interest: $12,923
Monthly Property Taxes: $2,492
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Montclair, NJ

Average List Price ^$731,692

Percent of Sale Price 60%

About Montclair, NJ

38,697 Population

-1% Since 2002

^$107,674 Median Income

41.77 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/25/2024	$1,850,000	-26.00%	Price Down
1/18/2024	$2,500,000		Listed Price

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53 Union St, Montclair, NJ, 07042 is a Commercial Property for sale at $1,850,000 with 6,174 sqft. 53 Union St is a studio with 0.7 baths and was built in 1973. The property's zip code is 07042 which is in Montclair, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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53 Union St

Commercial Property for sale in Montclair, NJ

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