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408-414 50th St
West New York, NJ 07093
Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Building Size | 19,522 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Building Class | B | Parking Ratio | 0.67/1,000 SF |
| Lot Size | 0.04 AC | ||
| Zoning | R-M | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 19,522 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2016 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R-M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Stainless Steel Appliances
- Walk-In Closets
- Intercom
SITE AMENITIES
- 24 Hour Access
- Elevator
ABOUT 408-414 50TH ST , WEST NEW YORK, NJ 07093
414 50th Street (built in 2016) is a 13-unit, ultra-modern luxury rental building located in the heart of West New York, boasting tremendous 1 BR units (927-1,032 sq/ft), stainless steel appliances, quartz counter tops, covered parking, and 10-foot ceilings. Residents of 414 50th Street can enjoy an easy 25-minute commute to Port Authority in Manhattan via the 156 bus line located minutes walking to 48th and Palisade Ave. 414 50th Street is also conveniently located less than .2 miles (5 minutes walking) east of the Bergenline Avenue Light Rail Station, which brings commuters to Hoboken (14 minutes) and/or to Downtown Jersey City (24 minutes). The subject package deal is a rare opportunity to invest in one of New Jersey’s Gold Coast’s most promising neighborhoods, providing investors strong immediate returns and tremendous upside potential for the investor who comes in and takes advantage of the neighborhoods increasing rents and the building’s oversized units. Simple renovations to 5005 Palisade Avenue units will ensure an easy 15%-20% increase in rents providing investors a fantastic opportunity to win big.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 13 | - | - |
PROPERTY TAXES
| Parcel Number | 12-00104-0000-00031 | Improvements Assessment | $653,000 |
| Land Assessment | $102,600 | Total Assessment | $755,600 |
PROPERTY TAXES
