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7509 Park Ave & 101 76th St 7509 Park Ave 17 Unit Apartment Building $6,400,000 ($376,471/Unit) 5.68% Cap Rate North Bergen, NJ 07047
Investment Highlights
- 34 Units
- $188K Price Per Unit
- 50+ Year Ownership
- 79% Upside*
- 2 Multifamily Brick Buildings
- Renovated Units and Over Sized Units
Executive Summary
Patrick Forde
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $6,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $376,471 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.68% | Building Size | 30,000 SF |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | R-1 | ||
| Price | $6,400,000 |
| Price Per Unit | $376,471 |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 30,000 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 08-00303-0000-00005 | Improvements Assessment | $1,241,100 |
| Land Assessment | $759,200 | Total Assessment | $2,000,300 |
Property Taxes
Parcel Number
08-00303-0000-00005
Land Assessment
$759,200
Improvements Assessment
$1,241,100
Total Assessment
$2,000,300
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7509 Park Ave & 101 76th St | 7509 Park Ave
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