2212 Summit Ave, Union City, NJ 07087

Property Description

RARE FIND in Union City with PARKING — ACT NOW! One of the few multifamily properties NOT subject to rent control, a massive advantage in a market where most buildings are constrained by legacy tenants and regulated rents. This freedom alone on top of low taxes dramatically enhances long-term cash flow, operational flexibility, and exit value. The property can be delivered vacant, aside from a potential short-term use and occupancy by the seller at market rent or structured into the deal, allowing a buyer to execute their strategy immediately—whether owner-occupancy, repositioning, or full income maximization. The layout offers exceptional versatility: a 2-bedroom + den on the second floor with an additional bonus room in the hallway, a 2-bedroom first-floor unit with walkout access to the backyard, and a lower-level 1-bedroom apartment also featuring a walkout to the yard, plus a BONUS ROOM with its own entrance and bathroom, ideal additional value-add use of many kinds. Adding to its rarity is on-site parking—uncommon in a multi family property for the area, generous square footage, and strong upside potential throughout. Centrally located in the heart of Union City with constant neighborhood momentum, shops, dining, and transit at your doorstep. Just minutes from New York City with local NYC views, this property checks the boxes investors and end-users chase most: location, flexibility, scarcity, and upside. Non-rent-controlled, parkable, NYC-proximate assets like this simply do not come around often.