As-Is Tear-Down Warehouse
119-121 61st Street West New York, NJ 07093
119-121 61st Street, West New York, NJ, 07093
$1,500,000
For Sale
$1,500,000
A 5,000 sq ft warehouse on a 50x100 lot, sold strictly as-is and described as ready for tear-down and redevelopment.
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$300
Days on Market99
Property Features for 119-121 61st Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- VACANT LAND / Vacant Land
Listing agency
CENTURY 21 REALTY GROUP
(201) 854-8888
Listed by
ANGELA SANCHEZ · License #0570474
(201) 854-8888
Source
Compass
Added: Apr 15 Updated: Jul 21 at 7:31AM Checked: Jul 21 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 REALTY GROUP
Investment Insights
Based on property information with market context.
This property presents a ground-up development opportunity featuring an existing 5,000 sq ft warehouse on a clean 50x100 lot. The site is being sold strictly as-is, with the current improvements described as primed for tear-down, leaving room for a new build or redevelopment plan supported by your architect.
Located at 119-121 61st Street in West New York, New Jersey, the property is positioned in Hudson County.
For buyers and developers, the key asset here is the parcel size and the existing warehouse structure that can be removed as part of a redevelopment strategy, subject to all applicable approvals and permitting requirements.
Located at 119-121 61st Street in West New York, New Jersey, the property is positioned in Hudson County.
For buyers and developers, the key asset here is the parcel size and the existing warehouse structure that can be removed as part of a redevelopment strategy, subject to all applicable approvals and permitting requirements.
Key Highlights
- 5,000 sq ft warehouse on a 50x100 lot in West New York, NJ
- Property is described as ready for tear‑down and redevelopment
- Sold strictly as‑is
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.6k | $32.52 |
| − Vacancy | −$13.5k | −$2.70 |
| EGI | $149.1k | $29.82 |
| − OpEx | −$22.4k | −$4.47 |
| NOI | $126.7k | $25.35 |
5,000 SF · lease $32.52/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,739 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
Similar Off Market Nearby
- Sterling Storage Facility — 570 61st St, West New York, NJ 07093
- Benedict Storage Units — 6009 Van Buren Pl, West New York, NJ 07093
- StorageMart — 6700 River Rd, West New York, NJ 07093
- CubeSmart Self Storage — 5203 John F. Kennedy Blvd, North Bergen, NJ 07093
- Self Storage Facility — 6108 Bergenline Ave, West New York, NJ 07093
FAQs
What type of property is this?
Warehouse - A 5,000 sq ft warehouse on a 50x100 lot, sold strictly as-is and described as ready for tear-down and redevelopment.
Where is this warehouse located?
The property is located at 119-121 61st Street West New York, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,000 sq ft warehouse on a 50x100 lot in West New York, NJ; Property is described as ready for tear‑down and redevelopment; Sold strictly as‑is
