508 40th St, Union City, NJ 07087 - Photo 1

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$490,000 -$60,000 (-10.91%) Price Reduced

For Sale
Active
Lots/Land
Updated 3 hours ago

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Property Description

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.

Full Property Details

Full Property Details for 508 40th St

General

Price: $490,000
Taxes: $5,703 (2025)
Status: Active
Type: Lots/Land
Source: Liberty_Board_Hudson_County_Hudson_MLS
MLS ID: 260012140
Updated: 7/21/2026
Added to Site: 36 day(s) ago

Location

County: Hudson
Driving Directions: John F Kennedy Blvd and Bergenline Ave
Location Details: John F Kennedy Blvd and Bergenline Ave
Total Lots Available: 1

Lot Features

Lot Size (Sq. Ft.): 2,550
Lot Dimensions: 25 x 102
Frontage: John F Kennedy Blvd and Bergenline Ave

Financial Considerations

For Sale/Rent/Lease: For Sale
Tax Amount: $5,703
Tax Year: 2025

Disclosures and Reports

Lead Paint Discl.: Yes

Listed by Sky Realty International Llc (201) 301-8400

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— 508 40th St —

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201-301-8400

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Schools

Schools serving 508 40th St

School District:Union City School District

Name	Grades	Distance
Washington Elementary School, Union City, NJ 3905 New York Avenue, Union City, NJ 07087	PK-6	0.1 mi
Jefferson Elementary School, Union City, NJ 3400 Palisade Avenue, Union City, NJ 07087	PK-4	0.3 mi
Eugenio Maria De Hostos Center for Early Childhood Education 2200 John F. Kennedy Boulevard, Union City, NJ 07087	PK-K	0.9 mi
Union Hill Middle School 3800 Hudson Avenue, Union City, NJ 07087	7-8	0.3 mi
Emerson Middle School 318 18th Street, Union City, NJ 07087	6-8	1 mi
Union City High School 2500 John F. Kennedy Boulevard, Union City, NJ 07087	9-12	0.7 mi
Jose Marti STEM Academy 1800 Summit Avenue, Union City, NJ 07087	9-	1 mi
Sara M. Gilmore Academy 1700 Kerrigan Avenue, Union City, NJ 07087	1-8	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 508 40th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/21/2026

Price Reduced

$490,000

-10.91%

MLS

6/15/2026

Listed

$550,000

64.18%

MLS

11/14/2024

Sold

$335,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 508 40th St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,703

—

$316,600

2025

$5,703

-18%

$308,600

-21%

2023

$6,996

$392,200

331%

2022

$6,744

—

$91,000

—

2021

$6,720

33%

$91,000

—

2021

$5,045

-22%

$91,000

—

2019

$6,464

$91,000

—

2018

$6,343

$91,000

—

2017

$6,283

—

$91,000

—

2016

$6,270

$91,000

—

2015

$6,162

$91,000

—

2013

$5,956

—

$91,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 508 40th St

508 40th St, Union City, NJ 07087 (MLS# 260012140) is a Lots/Land property with a lot size of acres. 508 40th St is currently listed for $490,000 and was received on June 15, 2026. Want to learn more about 508 40th St? Do you have questions about finding other Lots/Land real estate for sale in Union City? You can browse all Union City real estate or contact a Coldwell Banker agent to request more information.

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508 40th St Union City, NJ 07087