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508 82nd St 9 Unit Apartment Building $1,425,000 ($158,333/Unit) North Bergen, NJ 07047
Executive Summary
Acquire this well-kept 2-Story Brick Apartment House containing 9 residential apartments, each with 1 bedroom and 1 bathroom, close to all area amenities including North Hudson Park, a sprawling 167- acre park with a 16-acre lake. The property has seen major infrastructure improvements over the past decade, including a complete replacement of the front facade in 2008, a new boiler and flue in 2021, a new poured basement floor in 2021, a new roof in 2021, a new doorbell, mailbox, and security systems in 2021, total repointing in 2022, a new skylight in 2024, and ongoing apartment renovations along the way.
Property Facts
| Price | $1,425,000 | Building Class | C |
| Price Per Unit | $158,333 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 5,952 SF |
| No. Units | 9 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R1 | ||
| Price | $1,425,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,952 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | R1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 08-00383-0000-00003-02 | Improvements Assessment | $792,600 |
| Land Assessment | $80,000 | Total Assessment | $872,600 |
Property Taxes
Parcel Number
08-00383-0000-00003-02
Land Assessment
$80,000
Improvements Assessment
$792,600
Total Assessment
$872,600
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508 82nd St