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1309 Summit Ave, Union City, NJ, 07087

--beds
--baths
--sqft
$649,000
--price/sqft
$4,566/moest. monthly cost
$182,640/yrincome needed

About This Home

Mixed use ; 1 restaurant on the 1st floor and 2 unit apt on the 2nd floor . Restaurant use the basement and backyard. separate utilities ( 3 boilers , 3 hot water tank, 3 electric meter, 3 gas meter, 2 water meter ( one is for restaurant another is for apt ). Good income producing property ( Gross Income : $ 63,720, NOI : $ 47,192 ; CAP Rate : abut 7.3 % ). Good for the investor. Sold As-Is condition.

Getting Around

96
WalkingWalker's Paradise
66
TransitGood Transit
49
BikeSomewhat Bikeable

Schools

6/10
Veterans Memorial SchoolGrades PK-50.1 mi
9/10
Sara M. Gilmore AcademyGrades 1-80.2 mi
8/10
Jose Marti STEM AcademyGrades 9-120.3 mi

Construction

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,281$39,372
Home Insurance *$249$2,988
Property Taxes $843$10,116
Electricity $193$2,318
Total$4,566$54,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$156,548/yr
40% on housing$136,980/yr
45% on housing$121,760/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07087$422
Hudson County$473

vs Homes Sold Last Month

Median $/sqft

ZIP 07087$387
Hudson County$411

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-17Listed for sale$649,000
2026-04-15Listing removed$649,000
2026-01-08Price change$649,000
2025-11-05Listed for sale$699,000
2013-06-16Listing removed$499,000
2012-10-17Listed for sale$499,000
2012-06-04Listing removed$550,000
2012-04-05Listed for sale$550,000

For Sale by Agent

AgentKen Ghilho Choi
BrokerageKNC Realty LLC

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