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123 63rd St 123 63rd St 10 Unit Apartment Building $1,400,000 ($140,000/Unit) 6.63% Cap Rate West New York, NJ 07093



EXECUTIVE SUMMARY
Prime 10-Unit Investment Opportunity in Hudson County Discover a rare multifamily asset in one of West New York's strongest and most consistently in-demand rental corridors. 123 63rd Street is a 10-unit building offering stability, income potential, and long-term upside in a location that continues to see sustained growth and tenant demand. The property features a well-balanced mix of apartments, all within a structure that has been thoughtfully maintained and cared for over the years. With strong cash flow, efficient operating expenses, and solid tenancy, this building presents an appealing opportunity for both new and seasoned investors looking for a high-performing addition to their portfolio. Positioned near major transportation options, including NJ Transit bus service, ferry connections, and fast access to major highways, the location provides seamless connectivity to Manhattan, Hoboken, and the broader Hudson County market. Residents benefit from proximity to shopping, dining, and neighborhood amenities that make this area one of the most desirable rental pockets in Northern New Jersey. With its combination of location, scale, and return potential, 123 63rd Street represents a compelling investment with room for future growth. Inquire for full financials, rent roll, and detailed offering information. ***Heat and water are paid by the owner. Boiler gas 4 years old. All units are in good condition, no violation or assessments.***
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $140,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.63% | Building Size | 5,115 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | ||
| Zoning | R-M - Residential - Multifamily | ||
| Price | $1,400,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,115 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Zoning | R-M - Residential - Multifamily |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 12-00028-0000-00006 | Total Assessment | $271,200 (2025) |
| Land Assessment | $62,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $208,700 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
12-00028-0000-00006
Land Assessment
$62,500 (2025)
Improvements Assessment
$208,700 (2025)
Total Assessment
$271,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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123 63rd St | 123 63rd St
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