Address
City: Union City
Neighborhood: Downtown Union City
State: New Jersey
Postal Code: 07087
Country: United States
Business facts
Estimated annual revenue~$1.4M
Estimated employees~3
Estimated wage bill~$164.1K
Estimate based on moderate signals
Area statistics (07087)
Population67,258
Median household income$59,967
Source: US Census ACS
About
Raphy is located in Union City, New Jersey. This business is working in the following industry: Housing Complex.
Market analysis
Earning around its category median in a growing category (Housing Complex).
EstimateCategory trend: 2024, +5.1%
Revenue trend (modeled)
~$1.1M2019
~$1.2M2020
~$1.3M2021
~$1.6M2022
~$1.3M2023
~$1.4M2024
Modeled from official industry statistics+4.1%/yr since 201980% confidence band: ±42%
Property
Lot size3,598 sq ft
Land use4C
CountyHudson
Land value$300.0K
Last sale$650.0K (181130)
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Housing Complex in New Jersey | 529 | ~$764.4M | ~$1.4M | ~$1.3M | 4.5★ | 1.0× |
Category revenue trend2024: +5.1%2023: +4.1%2022: +9.8%2021: +6.5%Modeled from business-level estimates
Chain pressure98 chains expanding in this category, led by Village Arms, Trafalgar, Fox Run (+517 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 1,009 | ~$900.4M | ~$892.3K | ~$411.2K | 3,622 | ~$257.8M | 3.3× |
| Real estate activities | 28 | ~$65.5M | ~$2.3M | — | 78 | — | — |
1 km area (all businesses): median from the 857 of 1,009 businesses with estimates
Estimate
Area conditions (07087)
Population67,258 ±88
Median household income$59,967 ±$4,245
Median home value$448,000
Bachelor's degree or higher0.3%
Unemployment rate0.1%
Source: US Census ACS