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23-27 51st St 20 Unit Apartment Building $3,995,000 ($199,750/Unit) Weehawken, NJ 07086
Investment Highlights
- Value-add potential
- Highly sought-after and supply-constrained market
- Minutes away from NYC Ferry (10-minute commute) and NYC bus stop (25-minute commute)
- Condominium structure in-place
- 60% of Units (12) delivered vacant, providing immediate path to upside
Executive Summary
Avison Young has been engaged by Ownership to offer for sale 23–27 51st Street, Weehawken, NJ 07086 (“the Property”), a 4-story residential property located on the south side of 51st Street between JFK Boulevard East and Park Avenue in Weehawken, NJ.
23–27 51st Street spans approximately 20,000 square feet and consists of twenty (20) total units across four stories, plus a three-room basement unit. Currently, the building features five units per floor with very generous layouts, including three (3) three-bedroom units, five (5) two-bedroom units, and twelve (12) one-
bedroom units.
23–27 51st Street spans approximately 20,000 square feet and consists of twenty (20) total units across four stories, plus a three-room basement unit. Currently, the building features five units per floor with very generous layouts, including three (3) three-bedroom units, five (5) two-bedroom units, and twelve (12) one-
bedroom units.
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Property Facts
| Price | $3,995,000 | Building Class | C |
| Price Per Unit | $199,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| No. Units | 20 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parcel Number | 11-00065-0000-00005 |
| Price | $3,995,000 |
| Price Per Unit | $199,750 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 20,000 SF |
| No. Stories | 4 |
| Year Built | 1989 |
| Parcel Number | 11-00065-0000-00005 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
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23-27 51st St