Prime development opportunity in the heart of Union City. This residential lot is being offered with approved plans for a new two-family residence with on-site parking. The existing structure is a tear-down, presenting a rare opportunity for developers, builders, investors, or end-users to bring a fully approved project to life without the uncertainty and delays often associated with the approval process. Ideally situated on a desirable residential block, the property offers convenient access to public transportation, shopping, restaurants, schools, parks, and major commuter routes. Its proximity to New York City, combined with Union City's strong housing demand and continued growth, makes this an exceptional investment opportunity. Approved plans available upon request.
Lot/land
Price cut: $60K (7/21)
$490,000
508 40th St, Union City, NJ 07087
--beds
--baths
2,550Square Feet
VacantLand
Built in ----
2,550 Square Feet Lot
$427,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 62 days |
- 394 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
DENIZ PEREZ,
SKY REALTY INTERNATIONAL LLC 201-301-8400
Source: HCMLS,MLS#: 260012140
Facts & features
Property
Lot
- Size: 2,550 Square Feet
Details
- Parcel number: 1000234000000027
Community & HOA
Location
- Region: Union City
Financial & listing details
- Tax assessed value: $308,600
- Annual tax amount: $5,703
- Date on market: 6/22/2026
Estimated market value
$427,600
$368,000 - $496,000
$2,319/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Price change | $490,000-10.9% |
Source: HCMLS #260012140 Report a problem | ||
| 6/22/2026 | Listed for sale | $550,000+64.2% |
Source: HCMLS #260012140 Report a problem | ||
| 11/19/2024 | Sold | $335,000-10.7% |
Source: HCMLS #240009595 Report a problem | ||
| 7/22/2024 | Listing removed | $375,000 |
Source: HCMLS #240009595 Report a problem | ||
| 7/8/2024 | Listed for sale | $375,000 |
Source: HCMLS #240009595 Report a problem | ||
| 6/21/2024 | Listing removed | -- |
Source: HCMLS #240009595 Report a problem | ||
| 5/20/2024 | Listed for sale | $375,000-12.6% |
Source: HCMLS #240009595 Report a problem | ||
| 8/28/2023 | Listing removed | -- |
Source: HCMLS #230002820 Report a problem | ||
| 2/20/2023 | Listed for sale | $429,000 |
Source: HCMLS #230002820 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,703 -21.3% | $308,600 -21.3% |
| 2024 | $7,248 +3.6% | $392,200 +331% |
| 2023 | $6,996 +550.6% | $91,000 |
| 2022 | $1,075 +5.3% | $91,000 |
| 2021 | $1,021 -2.2% | $91,000 |
| 2020 | $1,044 -82.2% | $91,000 |
| 2019 | $5,856 +0.9% | $91,000 |
| 2018 | $5,802 +0.3% | $91,000 |
| 2017 | $5,787 +1.9% | $91,000 |
| 2016 | $5,680 +2.4% | $91,000 |
| 2015 | $5,548 +1.3% | $91,000 |
| 2014 | $5,478 +2.5% | $91,000 |
| 2013 | $5,347 +3.8% | $91,000 |
| 2012 | $5,152 +4.8% | $91,000 |
| 2011 | $4,918 +3.4% | $91,000 |
| 2010 | $4,755 +5.6% | $91,000 |
| 2009 | $4,503 | $91,000 |
| 2008 | -- | $91,000 |
| 2007 | -- | $91,000 |
| 2006 | -- | $91,000 |
| 2005 | -- | $91,000 |
| 2004 | -- | $91,000 |
| 2003 | -- | $91,000 |
| 2002 | -- | $91,000 |
| 2001 | -- | $91,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 07087
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: K-6Distance: 0.1 mi
- 8/10Union Hill Middle SchoolGrades: 7-8Distance: 0.3 mi
- 3/10Union City High SchoolGrades: 9-12Distance: 0.7 mi
- $--1 bd1 ba-- sqft508 40th St #3B, Union City, NJ 07087Off Market
- $--1 bd1 ba-- sqft508 40th St #3A, Union City, NJ 07087Off Market
- $--1 bd1 ba-- sqft510 40th St #3BB, Union City, NJ 07087Off Market
- $---- bd-- ba-- sqft510 40th St APT 2B, Union City, NJ 07087Off Market
- $--1 bd1 ba650 sqft510 40th St #32E, Union City, NJ 07087Off Market
- $--1 bd1 ba600 sqft510 40th St APT 3B, Union City, NJ 07087Off Market
- $--2 bd1 ba-- sqft510 40th St #2R, Union City, NJ 07087Off Market
- $--2 bd1 ba850 sqft510 40th St #23E, Union City, NJ 07087Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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