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66 Olympic Ter 17 Unit Apartment Building $2,450,000 ($144,118/Unit) 7.49% Cap Rate Irvington, NJ 07111
Investment Highlights
- Large renovated units
- vacancy decontrol
Executive Summary
Large apartments in upper irvington. Substantial upside in rents vacancy decontrol. There are actually 17 units
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 | $2,450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $144,118 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.49% | Building Size | 12,469 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1955/2023 |
| Zoning | R2 Irvington | ||
| Price | $2,450,000 |
| Price Per Unit | $144,118 |
| Sale Type | Investment |
| Cap Rate | 7.49% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 12,469 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1955/2023 |
| Zoning | R2 Irvington |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,228 | - |
| 1+1 | 7 | $1,439 | - |
| 2+1 | 7 | $1,555 | - |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-00352-0000-00001 | Total Assessment | $1,884,800 (2026) |
| Land Assessment | $560,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,324,800 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
09-00352-0000-00001
Land Assessment
$560,000 (2026)
Improvements Assessment
$1,324,800 (2026)
Total Assessment
$1,884,800 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Photos
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Street
Map
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Contact the Sale Advisor
66 Olympic Ter