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563 59th Street, West New York, NJ. 07093 563 59th St 10 Unit Apartment Building $1,100,000 ($110,000/Unit) 6.31% Cap Rate West New York, NJ 07093
Investment Highlights
- 25'x100' lot size, Two separate buildings, renovated units.
Executive Summary
CALLING ALL INVESTORS!! FOUR FAMILY WITH HIGH INCOME located right off Bergenline Ave in West NY. ***UNIT #2 is now vacant*** The property consists of (1) 3-bedroom duplex, (2) 2-bedroom apts, and (1) 2-bedroom private back building with courtyard. All apartments have large spacious layouts. Extra-large lot coverage (25'x100). Well maintained and renovated with tons of upside potential in the rents. True "value add" or condo conversion opportunity. Please call/text listing agent for income/expenses & to schedule a private viewing. This property may qualify for Fannie Mae's low down payment loan program (consult your lender).
Virtual tour: https://my.matterport.com/show/?m=svhur5tyrCx
Virtual tour: https://my.matterport.com/show/?m=svhur5tyrCx
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,800
|
$41.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,800
|
$41.04
|
| Taxes |
$12,032
|
$5.21
|
| Operating Expenses |
$13,368
|
$5.79
|
| Total Expenses |
$25,400
|
$11.00
|
| Net Operating Income |
$69,400
|
$30.04
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $41.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $41.04 |
| Taxes | |
|---|---|
| Annual | $12,032 |
| Annual Per SF | $5.21 |
| Operating Expenses | |
|---|---|
| Annual | $13,368 |
| Annual Per SF | $5.79 |
| Total Expenses | |
|---|---|
| Annual | $25,400 |
| Annual Per SF | $11.00 |
| Net Operating Income | |
|---|---|
| Annual | $69,400 |
| Annual Per SF | $30.04 |
Property Facts Under Contract
Amenities
Unit Amenities
- Cable Ready
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Yard
- Basement
- Dining Room
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,300 | - |
| 2+1 | 2 | $2,150 | - |
| 2+1 | 3 | $1,950 | - |
| 2+1 | 4 | $1,500 | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Number | 12-00126-0000-00010 | Total Assessment | $150,000 |
| Land Assessment | $49,000 | Annual Taxes | $12,032 ($5.21/SF) |
| Improvements Assessment | $101,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
12-00126-0000-00010
Land Assessment
$49,000
Improvements Assessment
$101,000
Total Assessment
$150,000
Annual Taxes
$12,032 ($5.21/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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563 59th Street, West New York, NJ. 07093 | 563 59th St
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