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- LoopNet Team
5408 Park Ave
West New York, NJ 07093
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 5408 PARK AVE , WEST NEW YORK, NJ 07093
MEGA CASH COW MIXED-USE COMMERCIAL PROPERTY!! VERY RARE FIND! This is the ultimate in LOCATION. LOCATION. LOCATION. Poperty has all brand new plumbing and electic. RENOVATED with top of the line finishes. Just buy, hold, and collect rent from this cash cow!. Rent roll: Store: PHARMACY $2865/month with 3% yearly increase (STORE PAYS 33% OF BUILDINGS RE TAXES + 25% OF ENTIRE BUILDINGS GAS, WATER, HOT WATER, UTILITIES) Apt 1: $900/month rent Apt 2: $1850/month rent (all BRAND NEW FURNITURE IN THIS APT IS PROPERTY OF THE LANDLORD) Expenses; Taxes: $11,166 Insurance: $2200 Utlities & water/sewer: $2500 WHAT I LOVE ABOUT THE HOME Tremendous 5.65% cap rate with a blockbuster commercial store lease. Top-notch location in a fast growing real estate market. One short block away from the world famous Boulevard east with stunning unobstructed New York City views. A true headache free gem. Just buy, hold, and build tremendous equity while collecting magnificent rents!
PROPERTY TAXES
| Parcel Number | 12-00072-0000-00005 | Improvements Assessment | $179,000 |
| Land Assessment | $35,000 | Total Assessment | $214,000 |
PROPERTY TAXES
