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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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53 Summit Ave , Summit City, NJ 07901
$2,100,000
Est. Payment: $10,687.34/mo
0 Bed
1.5 Bath
4200 Sqft
Status: active | Days on site: 52
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
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House Description

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.
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Highlights

Listed by BARBARA LEWIS , MP KELLER WILLIAMS REALTY , 908-233-8502. Garden State MLS

Property Type

Commercial Sale
Lot/Acreage
0.06

Year Built

9999

County

Union

Listing ID

4032916

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1.5
  • ▪ Full Bathrooms:
  • ▪ 1/2 Bathrooms:3
Air Cond:1 Unit,Central Air,Wall A/C Unit(s)
Fireplaces:
Floor:Carpeting,Concrete,Tile,Wood
Basement:Finished-Partially,Full,Storage,Walkout
Other:Public Water

Exterior Features

Lot:Corner
Lot Dimensions:41X64
Zoning:CBD
Roof:Asphalt Shingle
Others:Brick/Block
Sewer:Public Sewer
Principal Interest
$10,687
Taxes
$1,649

Home Price

$2,100,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$420,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,687.34

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,687.34 $1,648.58 $0.00 $12,335.92
Yearly $128,248.03 $19,783.00 $0.00 $148,031.03
Total $3,847,440.99 $593,490.00 $0.00 $4,440,930.99

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Summit City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T22:38:21.000Z

© 2026 Garden State MLS