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Farragut Place 4 Properties Offered at $7,500,000 in West New York, NJ
Investment Highlights
- DEVELOPMENT SITE WITH INCOME.
Executive Summary
OPERATING RESTAURANT WITH TENANT ON A SHORT TERM LEASE, TENANT IS ON A TRIPLE NET (NNN) PAYING ALL EXPENSES ON THE WHOLE PORTFOLIO. RESIDENTIAL UNITS ARE OCCUPIED BY EMPLOYEES OF THE RESTAURANT AS A BULK LEASE.
OWNER HAS A 40 YEAR LEASE ON PARKING LOT.
IDEAL FOR REDEVELOPMENT WITH NYC VIEWS.
OWNER HAS A 40 YEAR LEASE ON PARKING LOT.
IDEAL FOR REDEVELOPMENT WITH NYC VIEWS.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $7,500,000 | Status | Active |
| Price / SF | $928.22 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 4.64% | Total Building Size | 8,080 SF |
| Sale Type | Investment | Total Land Area | 0.57 AC |
| Price | $7,500,000 |
| Price / SF | $928.22 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 4.64% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 8,080 SF |
| Total Land Area | 0.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 771-773 Farragut Pl, West New York, NJ 07093 | Land | 0.13 AC | - | - |
| 763 Farragut Pl, West New York, NJ 07093 | Land | 0.07 AC | - | - |
| 761 Farragut Pl, West New York, NJ 07093 | Multifamily | 1,080 SF | 1899 | - |
| 757 Farragut Pl, West New York, NJ 07093 | Retail | 7,000 SF | 1963 | - |
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Farragut Place
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