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66th Street Multi Family Package 2 Multifamily Properties Offered at $2,600,000 in West New York, NJ
Investment Highlights
- Desirable unit mix of six one-bedroom and seven two-bedroom apartments
- Prime WNY location between Park Ave & Blvd East
- 30%+ rental upside
Executive Summary
Redwood Realty Advisors has been retained to exclusively market a two-building, 13-unit multifamily package located on 66th Street in West New York, New Jersey.
The properties are ideally positioned just off Park Avenue and near Boulevard East, providing residents with convenient access to shopping, dining, local bus routes and Manhattan-bound transportation.
The offering includes a mix of one- and two-bedroom apartments. Based on projected market rents of approximately $1,900 for one-bedroom units and $2,400 for two-bedroom units, the package offers approximately 30%+ rental upside through the continued repositioning of below-market units.
The offering provides investors with the opportunity to acquire immediate scale in a strong North Hudson rental market with excellent transit access and meaningful value-add potential.
The properties are ideally positioned just off Park Avenue and near Boulevard East, providing residents with convenient access to shopping, dining, local bus routes and Manhattan-bound transportation.
The offering includes a mix of one- and two-bedroom apartments. Based on projected market rents of approximately $1,900 for one-bedroom units and $2,400 for two-bedroom units, the package offers approximately 30%+ rental upside through the continued repositioning of below-market units.
The offering provides investors with the opportunity to acquire immediate scale in a strong North Hudson rental market with excellent transit access and meaningful value-add potential.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,600,000 | Number of Properties | 2 |
| Price / SF | $429.89 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 6,048 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Status | Active |
| Price | $2,600,000 |
| Price / SF | $429.89 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,048 SF |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 55 66th St, West New York, NJ 07093 | Multifamily | 3,648 SF | 1920 | - |
| 41 66th St, West New York, NJ 07093 | Multifamily | 2,400 SF | - | - |
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66th Street Multi Family Package