521 60Th St West New York, NJ 07093
Fully occupied 8-unit multifamily near Bergenline Ave, West New York.
Property size:
5,096 SFLot size:
2,375.00 AcresProperty Features for 521 60Th St
General Information
- Standard status
- Active
- Zoning
- C-R
- Size
- 5,096 SF
- Lot size
- 2,375.00 Acres
Building Details
- Year built
- 1910
Source:
Crexi
Listing Agency: SERHANT Listing Agent: Alexander Calle
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Cash Flowing Multifamily Investment Property
This is an 8-unit multifamily property that is fully occupied and cash flowing. The unit mix consists of four 1-bedroom/1-bathroom units and four 2-bedroom/1-bathroom units. Current rents are at 65% of market value, presenting an opportunity for future upside through annual CPI increases up to 5% and capital improvements upon vacancies. This property is suited for a long-term buy/hold strategy, with potential to increase apartment rents over time through improvements. The property is located one block from Bergenline Avenue, providing access to NJ Transit Bus and Light Rail station. It is also situated 2 miles from the Lincoln Tunnel to Manhattan. The property size is 5096 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- West New York
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0172824
- Latitude
- 40.7892839
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 8-unit multifamily near Bergenline Ave, West New York.
Where is this apartment building located?
The property is located at 521 60Th St West New York, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Fully occupied, cash flowing 8-unit multifamily property.; - Upside potential through annual CPI rent increases (up to 5%) and capital improvements.; - Below market rents (65% of market) provide opportunity to increase revenue.
