119 59th St, West New York, NJ 07093

Located in West New York, Hudson County, New Jersey, the properties at 119 59th Street and 5808 Buchanan Place include two contiguous buildings on a 0.0574-acre lot. Constructed in 1920, the buildings are fully occupied and feature a total of 10 apartments and one ground floor retail unit. 119 59th St, a three-story red brick and masonry building on the corner of 59th Street and Buchanan Place, contains three 1-bedroom/1-bath units, three 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and a ground floor convenience store. 5808 Buchanan Place, a three-story sided building at the end of Buchanan Place on a quiet dead-end street, houses three 2-bedroom/1-bath units with Juliet balconies facing Buchanan Place. Units in 119 59th Street are separately metered for gas and electricity, with tenants responsible for their own cooking gas and electric usage. The landlord covers heat and hot/cold water. A hot water heater in the basement of 119 59th Street provides service to both buildings. A single HVAC unit in 5808 Buchanan Place provides heat and air conditioning for all three apartments, controlled by one common thermostat in the ground floor unit. The properties represent a solid investment based on the current cash flow of two well-maintained buildings in a quiet section of West New York, with the ability to increase net profit. The current gross rent roll of $212,928 can be increased. These properties offer an investor the ability to acquire two well-maintained, income-producing assets with the ability to improve the total return.