433 52nd St 6 Unit Apartment Building $1,400,000 ($233,333/Unit) 6.40% Cap Rate West New York, NJ 07093

This very well-maintained, three-story brick six-family property presents a rare opportunity to acquire a stable, income-producing asset in one of West New York’s most desirable and transit-accessible locations, just moments from Bergenline Avenue. Combining strong in-place income with clear upside potential, the property is ideally suited for both investors seeking long-term appreciation and those looking to enhance cash flow through strategic unit turnover and improvements.
The building consists of six spacious two-bedroom, one-bath apartments, all offering functional layouts and solid rental appeal. Two of the units have been thoughtfully renovated within the past seven years, featuring updated kitchens, baths, and improved layouts. These renovated units are configured with one bedroom at the front, one bedroom at the rear, and a large open kitchen/living area in the center, creating a more modern and desirable living arrangement that attracts strong tenant demand.
An additional unit is currently undergoing renovation, providing immediate upside upon completion. The remaining three units are well-maintained and in good condition, currently configured as traditional four-room railroad-style layouts plus separate kitchen and bathroom. These units offer significant value-add potential, as future renovations and reconfigurations can bring them in line with the more modern layouts, allowing for meaningful rent increases over time.
The property has been carefully maintained, with a solid brick exterior, reflecting pride of ownership and minimizing near-term capital expenditure requirements. The first-floor unit offers direct access to the backyard, a highly desirable feature in this market. There is also the opportunity to divide the backyard space between both first-floor units once the remaining tenant vacates, further enhancing rental value and tenant appeal.
Located just steps from Bergenline Avenue, the property benefits from immediate access to shopping, dining, and everyday conveniences, as well as excellent transportation options to New York City. This prime location ensures consistent rental demand and long-term stability.
With a strong existing rent roll, ongoing renovations, and clear pathways to increase income through unit upgrades and turnover, this property represents a compelling investment opportunity in a high-demand Hudson County market. Whether held for steady cash flow or repositioned for higher returns, this six-family asset offers both security and upside in a proven location.