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521 60th St - 521 60th St, West New York, NJ 8 Unit Apartment Building Offered at $1,600,000 West New York, NJ 07093
Executive Summary
- Fully occupied, cash flowing, 8-unit multifamily
- Four 1-bedroom /1-bathroom units & four 2-bedroom /1-bathroom units
- Current rents 65% of market
- Provides future upside through annual CPI increases up to 5% & capital improvements upon
vacancies
- Ideal for long-term buy/hold with improvements over time to unlock upside in apartment rents
- Four 1-bedroom /1-bathroom units & four 2-bedroom /1-bathroom units
- Current rents 65% of market
- Provides future upside through annual CPI increases up to 5% & capital improvements upon
vacancies
- Ideal for long-term buy/hold with improvements over time to unlock upside in apartment rents
Property Facts
| Price | $1,600,000 | Building Size | 5,096 SF |
| Price Per Unit | $200,000 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 8 | Year Built | 1910 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-R | ||
| Price | $1,600,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 5,096 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | C-R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Number | 12-00127-0000-00003 | Improvements Assessment | $51,800 |
| Land Assessment | $61,300 | Total Assessment | $113,100 |
Property Taxes
Parcel Number
12-00127-0000-00003
Land Assessment
$61,300
Improvements Assessment
$51,800
Total Assessment
$113,100
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Presented by
Serhant New Jersey LLC
521 60th St - 521 60th St, West New York, NJ
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