December 8, 2022 – Patrick Forde of Horvath & Tremblay has successfully completed the sale of 4201-03 Bergenline Avenue in Union City, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,350,000.
4201-03 Bergenline Avenue is a single tenant building located in Union City, New Jersey. The Property contains a single-story, brick-building of 4,800 square feet on a 0.11-acre parcel and is zoned C-N Neighborhood Commercial, one of the most versatile designations. The C-N zone is intended to provide commercial sales and service uses for the adjoining neighborhoods and allows for a variety of retail uses. The Property was delivered vacant, providing an opportunity for the new owner to move a business into a well-positioned location, or use as an owner-occupant. The Property is strategically located at the intersection of Bergenline Avenue and 42nd Street in the northern section of Union City. Bergenline Avenue is the area’s primary commercial corridor and is home to an extensive array of retailers, restaurants, bars and service amenities. 4201-03 Bergenline Avenue is less than a mile from the Tonnelle Avenue Station with service on the Hudson-Bergen Light Rail, 1 mile from the Port Imperial Ferry and just over 2-miles from the Lincoln Tunnel connecting the area with midtown Manhattan. The Property also benefits from its proximity to numerous interstates and state highways (Interstate 95, US Routes 1 and 9, and NJ Routes 495 and 3).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.