Well-Maintained 20-Unit Apartment
For Sale
Contact for pricing
Pending
160 Terrace Avenue, Hasbrouck Heights, NJ 07604
Well-kept 20-unit apartment building with one-, two-bedroom and studio apartments plus garages, laundry, and storage.
Property SizeContact for details
Days on Market63
Property Features for 160 Terrace Avenue
General Information
Standard status
Pending
Class
B
Total Parking Spaces
12
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$247,842
Additional Details
Highway Access
Yes
Multifamily Units
20
Building Details
Year Built
1939
Buildings
1
Units
20
Tenancy
Multi
Listing Agency:
Providence Real Estate Advisors
Listed By:
Daniel Aviles · License #NJ 1431064
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 11 at 8:06PM
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 Providence Real Estate Advisors
Investment Insights
Based on property information with market context.
This offering is a well-maintained 20-unit apartment community in Hasbrouck Heights, NJ. The property includes 15 one-bedroom units, 4 two-bedroom units, and 1 studio apartment. Residents also have access to shared laundry and storage facilities, and the community is supported by 12 private garages.
According to the remarks, the community benefits from direct access to Routes 17 and 46 and the Garden State Parkway, supporting convenient travel to the greater metro area. The property is also described as being served by NJ Transit, with Midtown Manhattan accessible in approximately 30 to 45 minutes. Newark Liberty International Airport is noted as approximately 15 to 20 minutes away, and nearby retail and dining options are referenced, including Teterboro Landing and American Dream Mall.
For buyers and operators, the tenant-ready unit mix may support a range of household types, from studio through two-bedroom layouts. The presence of private garages, along with on-site shared laundry and storage, adds practical day-to-day convenience for residents. The offering is positioned in the remarks as a value-add opportunity, with a stated demonstrated 23% upside in rental income.
According to the remarks, the community benefits from direct access to Routes 17 and 46 and the Garden State Parkway, supporting convenient travel to the greater metro area. The property is also described as being served by NJ Transit, with Midtown Manhattan accessible in approximately 30 to 45 minutes. Newark Liberty International Airport is noted as approximately 15 to 20 minutes away, and nearby retail and dining options are referenced, including Teterboro Landing and American Dream Mall.
For buyers and operators, the tenant-ready unit mix may support a range of household types, from studio through two-bedroom layouts. The presence of private garages, along with on-site shared laundry and storage, adds practical day-to-day convenience for residents. The offering is positioned in the remarks as a value-add opportunity, with a stated demonstrated 23% upside in rental income.
Key Highlights
- Well‑maintained 20‑unit apartment community built in 1939
- Unit mix: 15 one‑bedroom, 4 two‑bedroom, and 1 studio apartment
- 12 private garages included
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 07604, NJ
12,112
Population
4,544
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
8,075
Density / Sq Mi
$118,670
Median Household Income
$58,935
Median Earnings
$1,605
Median Rent
$508,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-kept 20-unit apartment building with one-, two-bedroom and studio apartments plus garages, laundry, and storage.
Where is this apartment building located?
The property is located at 160 Terrace Avenue Hasbrouck Heights, NJ.
What are key features of this property?
This property features: Well‑maintained 20‑unit apartment community built in 1939; Unit mix: 15 one‑bedroom, 4 two‑bedroom, and 1 studio apartment; 12 private garages included
