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6 Family West New York, New Jersey 110 Westover Pl 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 8.47% Cap Rate West New York, NJ 07093
Executive Summary
***$139,813 NOI is the proforma.*** 6 legal units on 4 levels. All units are above grade (no basement). 3 of the 6 units have been leased. Completion of renovation/improvements for 2 of the 3 units -- both 3 bedrooms -- in progress (95% done). 5 of the 6 units have been updated/renovated over the last 5 years. 2 parking spots. One block from: Boulevard East, bus stop to NYC, and Donnelly Memorial Park. Surrounded by new development and steps to Park Ave with retail and restaurants. Ground floor has 2 units (2 bed & 1 bed), 1st floor has 2 units (2 bed & 1 bed), 2nd floor has 1 unit (3 bed), 3rd floor has 1 unit (3 bed). Previous tenants for current vacancies were paying $1,648 (1 bed), $3,500 (3 bed) , $3,811 (3 bed) which is more than the proforma. Contact listing agent for more details.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$36.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,000
|
$36.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,186
|
$8.04
|
| Net Operating Income |
$139,814
|
$27.96
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $36.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $36.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $40,186 |
| Annual Per SF | $8.04 |
| Net Operating Income | |
|---|---|
| Annual | $139,814 |
| Annual Per SF | $27.96 |
Property Facts
| Price | $1,650,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.47% | Building Size | 5,000 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Zoning | RM | ||
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1982/2025 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | RM |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 6 | $3,500 | - |
| 2+1 | 2 | $2,500 | - |
| 1+1 | 9 | $1,500 | - |
| 2+2 | 4 | $2,500 | - |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 12-00043-0000-00022 | Improvements Assessment | $202,500 |
| Land Assessment | $62,500 | Total Assessment | $265,000 |
Property Taxes
Parcel Number
12-00043-0000-00022
Land Assessment
$62,500
Improvements Assessment
$202,500
Total Assessment
$265,000
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6 Family West New York, New Jersey | 110 Westover Pl
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