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  • $2,100,000

    53 Summit Ave #53, Summit City, NJ 07901

    --beds
    3baths
    4,200sqft
    : 
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    Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $500/sqft
    $-- HOA

    What's special

    Positioned in the heart of Downtown Summit, this exceptional corner mixed-use property presents a rare opportunity to acquire a premier investment in one of New Jersey's most desirable and vibrant downtown districts. The property features three residential apartments on the second level including one one-bedroom residence and two studio apartments complemented by commercial space on the ground floor.The lower level offers expansive flexible space with direct exterior access, creating additional potential for storage, operations, creative workspace, or supplemental use opportunities. Residential tenants enjoy a dedicated private entrance from Franklin Place.Ideally situated just steps from the Summit Parking Garage, NJ Transit train station with direct service to New York City, boutique shopping, acclaimed dining, and everyday conveniences, the property benefits from exceptional visibility, strong pedestrian traffic, and a highly walkable commuter-centric location. The luxury townhome development along Franklin Place further enhances the long-term appeal and investment potential of this dynamic downtown corridor.Ideal for investors seeking stable mixed-use income, an owner-user desiring a flagship downtown presence, or a developer, this offering represents a unique opportunity within Summit commercial market.
    21 days
    |
    1,859
    |
    51
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Barbara Lewis 908-477-1010,

    Keller Williams Realty

    Source: GSMLS,MLS#: 4032916MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 3
      Heating
      • 4+ Units, Baseboard - Hotwater, Natural Gas
      Cooling
      • 1 Unit, Central Air, Wall Unit(s)
      Features
      • Flooring: Carpet, Concrete, Tile, Wood
      • Doors: Max Door Height: 0, Number of Doors: 0
      • Basement: Yes,Partially Finished,Full,Storage Space,Walk-Out Access
      Interior area
      • Total structure area: 4,200
      • Total interior livable area: 4,200 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Stories: 2
      Lot
      • Size: 2,613 Square Feet
      • Dimensions: 41 x 64
      • Features: Corner Lot, Business District, Corner, Freestanding
      Details
      • Parcel number: 2918034010000000030000
      • Zoning description: CBD

      Construction

      Type & style
      • Home type: Apartment
      • Property subtype: Apartment
      • Attached to another structure: Yes
      Materials
      • Brick/Block
      • Roof: Asphalt Shingle

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s), Fire Sprinkler System
      Location
      • Region: Summit

      Financial & listing details

      • Price per square foot: $500/sqft
      • Tax assessed value: $425,000
      • Annual tax amount: $19,783
      • Date on market: 6/9/2026
      • Inclusions: Building & Land
      • Ownership type: Fee Simple
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,647/mo

        Price history

        DateEventPrice
        6/9/2026Listed for sale$2,100,000$500/sqft
        Source: GSMLS #4032916 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 07901

        Getting around

        94 / 100
        Walker's Paradise
        45 / 100
        Some Transit
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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