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6501 Park Ave 8 Unit Apartment Building $1,550,000 ($193,750/Unit) 4.97% Cap Rate West New York, NJ 07093
INVESTMENT HIGHLIGHTS
- Corner property
- One block from Blvd East
- All brick
EXECUTIVE SUMMARY
MIXED USE BUILDING FOR SALE!
PRIME INVESTMENT OPPORTUNITY IN WEST NEW YORK. 8 RESIDENTIAL UNITS + 1 COMMERCIAL AND ONE CAR GARAGE.
PRIME CORNER LOCATION, 1 BLOCKFROM BLVD EAST
RESIDENTIAL UNITS (STUDIOS, 1BRS, &2BRS)
SEPARATE ELECTRIC & GAS METERS FOR ALL TENANTS
HIGH-DEMAND RENTAL AREA NEAR SHOPPING, PARKS, AND NYC TRANSIT
TWO UNITS WILL BE DELIVERED VACANT,PROVIDING THE OPPORTUNITY TO RAISE RENTS TO MARKET LEVELS, WITHPROJECTED RENTS OF $1,600 FOR ONE UNIT AND $1,850–$2,000 FOR THE OTHER
PRIME INVESTMENT OPPORTUNITY IN WEST NEW YORK. 8 RESIDENTIAL UNITS + 1 COMMERCIAL AND ONE CAR GARAGE.
PRIME CORNER LOCATION, 1 BLOCKFROM BLVD EAST
RESIDENTIAL UNITS (STUDIOS, 1BRS, &2BRS)
SEPARATE ELECTRIC & GAS METERS FOR ALL TENANTS
HIGH-DEMAND RENTAL AREA NEAR SHOPPING, PARKS, AND NYC TRANSIT
TWO UNITS WILL BE DELIVERED VACANT,PROVIDING THE OPPORTUNITY TO RAISE RENTS TO MARKET LEVELS, WITHPROJECTED RENTS OF $1,600 FOR ONE UNIT AND $1,850–$2,000 FOR THE OTHER
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,550,000 | Property Subtype | Apartment |
| Price Per Unit | $193,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.97% | Building Size | 6,705 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | C-R - Commercial | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,705 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | C-R - Commercial |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 12-00011-0000-00029 | Total Assessment | $210,000 |
| Land Assessment | $82,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $127,500 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
12-00011-0000-00029
Land Assessment
$82,500
Improvements Assessment
$127,500
Total Assessment
$210,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Triumph Group Real Estate, LLC
6501 Park Ave
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