Property Details
Price :
Square Feet :
Cap Rate :
$2,400,000
8,093
5.62%
NOI :
Acres :
$134,369
0.08
Property Type :
Property Status :
Other
Available
Investment Highlights
- 100% Occupied, +/- 8,093 SF All Brick, Multifamily Building In West New York, Hudson County, New Jersey
- Value-Add Asset With Immediate Cash Flow – 36% Upside Between Registered Rents And Actual Rents Presenting Significant Rent Growth Potential Upon Unit Turnover
- Property Consists of 14 Residential Apartments
- Tenants Responsible For Electric And Gas, Landlord Responsible For Heat And Hot Water
- Prime Gold Coast Location Adjacent to 60th St – A Recognized Local Hub For Health Services Known As "Doctors' Row" Due To A High Concentration Of Medical Professional Offices Occupying Ground Floor Spaces Of Surrounding Residential Buildings
- Convenient Access To All Major Public Transportation Routes – Approximately 4 Miles To NYC Via NJ Transit Bus And NY Waterway Ferry Service
- Dense Demographics With Over 110,000 People With An Average Income Over $96,000 Within 1-Mile Of The Subject Property
Street View
Listing Contacts
