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123 63rd St 10 Unit Apartment Building $1,398,000 ($139,800/Unit) 6.60% Cap Rate West New York, NJ 07093
Investment Highlights
- One Way Street
- Generating Consistent Cash Flow
- 10 Units Mixed One and Two Bedrooms
- 100% Occupied
- Hudson County Strong Rental Market
Executive Summary
Fully occupied 10-unit multifamily property consisting of a mix of one- and two-bedroom apartments. Maintained through long-term ownership, the property benefits from convenient access to Manhattan, NJ Transit bus service, major roadways, shopping, dining, and everyday neighborhood amenities that continue to support strong tenant demand throughout Hudson County.
The property is subject to West New York rent control regulations and benefits from a long history of occupancy and in-place tenancy. Additional financial information, rent roll, and offering materials available upon request
The property is subject to West New York rent control regulations and benefits from a long history of occupancy and in-place tenancy. Additional financial information, rent roll, and offering materials available upon request
Property Facts
| Price | $1,398,000 | Apartment Style | Low-Rise |
| Price Per Unit | $139,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.60% | Building Size | 5,115 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | ||
| Zoning | R-M - Residential - Multifamily | ||
| Price | $1,398,000 |
| Price Per Unit | $139,800 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Gross Rent Multiplier | 9.7 |
| 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 |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1940 |
| Zoning | R-M - Residential - Multifamily |
Amenities
Unit Amenities
- Heating
- Eat-in Kitchen
- Kitchen
- Oven
- Handrails
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Maintenance on site
- Public Transportation
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 12-00028-0000-00006 | Improvements Assessment | $208,700 |
| Land Assessment | $62,500 | Total Assessment | $271,200 |
Property Taxes
Parcel Number
12-00028-0000-00006
Land Assessment
$62,500
Improvements Assessment
$208,700
Total Assessment
$271,200
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123 63rd St
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