Mixed-Use Corner Property with
For Sale
Contact for pricing
303 58th St, West New York, NJ 07093
15-unit mixed-use property with mark-to-market and retail income upside.
Property Size7,992 SF
Days on Market199
Property Features for 303 58th St
General Information
Standard status
Active
Size
7,992 SF
Class
C
Property subtype
Mixed Use, Multifamily, Retail
Occupancy
97%
Lease Type
Gross
Investment Type
Value Add
Building Details
Buildings
1
Stories
4
Units
15
Listing Agency:
ICON Real Estate Advisors
Listed By:
David Betesh · License #2296357
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:40AM
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 ICON Real Estate Advisors
Investment Insights
Based on property information with market context.
This 15-unit mixed-use corner property features 14 apartments and one retail storefront. It is located on a high-visibility corner along Hudson Avenue. The property offers significant mark-to-market upside, with average in-place residential rents at approximately $1,506 per unit compared to a market rate of approximately $1,886 per unit. The Vacancy Capital Improvement Program (VCIP) in West New York allows for rent increases upon vacancy with qualifying improvements, presenting an ideal value-add strategy. There is also retail income upside, with in-place retail rent at approximately $1,990 per month compared to a market rate of approximately $2,500 per month. The property is situated in a dense, high-demand rental market, within one of New Jersey’s most renter-concentrated municipalities with limited new supply. It provides immediate access to New York City, being minutes away from Manhattan via bus, ferry, and the Lincoln Tunnel, catering to strong commuter demand. The property size is 7992 square feet.
Key Highlights
- High‑Visibility Corner Property: 15‑unit mixed‑use building (14 apartments + 1 retail storefront) on a prominent corner along Hudson Avenue.
- Prime Location with Immediate NYC Access: Minutes from Manhattan via bus, ferry, and Lincoln Tunnel.
- Significant Mark‑to‑Market Upside: Average in‑place residential rents are ~$1,506/unit vs. market ~$1,886/unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,565
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 15-unit mixed-use property with mark-to-market and retail income upside.
Where is this mixed-use property located?
The property is located at 303 58th St West New York, NJ.
What are key features of this property?
This property features: High‑Visibility Corner Property: 15‑unit mixed‑use building (14 apartments + 1 retail storefront) on a prominent corner along Hudson Avenue.; Prime Location with Immediate NYC Access: Minutes from Manhattan via bus, ferry, and Lincoln Tunnel.; Significant Mark‑to‑Market Upside: Average in‑place residential rents are ~$1,506/unit vs. market ~$1,886/unit.
