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6216-6218 Madison St 10 Unit Apartment Building $2,000,000 ($200,000/Unit) 6.60% Cap Rate West New York, NJ 07093
EXECUTIVE SUMMARY
Property Highlights
• Well-kept apartment asset in a dense, commuter-friendly Hudson County submarket
• Walkable to Bergenline Avenue retail, services, and dining
• Fast access to NJ Transit bus service to Midtown and nearby Hudson-Bergen Light Rail / PATH connections
• Efficient layouts; professionally managed; separately metered utilities
• On-site parking revenue stream enhances cash flow
Location
West New York, NJ (Hudson County) immediate access to Bergenline Avenue’s retail spine, near major employment centers in Jersey City, Hoboken, and Midtown Manhattan. Strong renter demand, limited supply, and durable occupancy dynamics.
Financial Overview
• Cash-flow day one with a clean path to yield enhancement via rent normalization and minor upgrades
• Transit-oriented location supports sustained occupancy and rent growth
• Bite-sized price point ideal for 1031 and private capital buyers
• Well-kept apartment asset in a dense, commuter-friendly Hudson County submarket
• Walkable to Bergenline Avenue retail, services, and dining
• Fast access to NJ Transit bus service to Midtown and nearby Hudson-Bergen Light Rail / PATH connections
• Efficient layouts; professionally managed; separately metered utilities
• On-site parking revenue stream enhances cash flow
Location
West New York, NJ (Hudson County) immediate access to Bergenline Avenue’s retail spine, near major employment centers in Jersey City, Hoboken, and Midtown Manhattan. Strong renter demand, limited supply, and durable occupancy dynamics.
Financial Overview
• Cash-flow day one with a clean path to yield enhancement via rent normalization and minor upgrades
• Transit-oriented location supports sustained occupancy and rent growth
• Bite-sized price point ideal for 1031 and private capital buyers
PROPERTY FACTS
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.60% | Building Size | 8,336 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Zoning | C-R | ||
| Price | $2,000,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,336 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | C-R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 600 |
| 1+1 | 2 | - | 650 |
| 2+1 | 6 | - | 800 |
| 5+2 | 1 | - | 1,055 |
1 1
Walk Score®
Walker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 12-00151-0000-00007 | Improvements Assessment | $376,000 |
| Land Assessment | $100,000 | Total Assessment | $476,000 |
PROPERTY TAXES
Parcel Number
12-00151-0000-00007
Land Assessment
$100,000
Improvements Assessment
$376,000
Total Assessment
$476,000
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6216-6218 Madison St
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