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Quadplex with Approved Expansion Plans
For Sale
Contact for pricing
Pending

6503 Madison St, West New York, NJ 07093

Four existing apartments each offer two bedrooms and one bathroom, with approved plans for expanded layouts and an additional unit.

Property SizeContact for details
Days on Market144

Property Features for 6503 Madison St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Weichert
Listed By: Leslie Segal · License #NJ 1970410
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 1:13PM

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 Weichert

Investment Insights

Based on property information with market context.

This four-unit residential property currently contains four apartments, each arranged with two bedrooms and one bathroom. The building is occupied at present but is scheduled for delivery vacant, allowing the next owner to begin with an unoccupied asset.

Approved plans and issued, paid permits outline a larger configuration: four three-bedroom, two-bath apartments plus a fifth basement apartment with its own entrance. Complete plans are available for review. The proposed work provides a defined path for reconfiguring the existing units and adding basement space, subject to execution of the approved plans.

Key Highlights

  • Quadplex with four existing 2BD/1BA apartments
  • Approved plans for four 3BD/2BA apartments
  • Proposed fifth basement apartment with separate entrance

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Nursing Home Fish Market Catering Service Veterinary Clinic Tanning Salon Coworking & Hybrid Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,909
Businesses Nearby

Demographics for 07093, NJ

64,929
Population
27,451
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
54,108
Density / Sq Mi
$70,389
Median Household Income
$37,229
Median Earnings
$1,619
Median Rent
$390,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four existing apartments each offer two bedrooms and one bathroom, with approved plans for expanded layouts and an additional unit.
Where is this quadplex located?
The property is located at 6503 Madison St West New York, NJ.
What are key features of this property?
This property features: Quadplex with four existing 2BD/1BA apartments; Approved plans for four 3BD/2BA apartments; Proposed fifth basement apartment with separate entrance
More about this property
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