570 56th St, West New York, NJ 07093
Three-story brick apartment building near Light Rail Station.
- Added:
- Aug 5, 2024
- Days on Market:
- 702
- Last Refresh:
- Jul 5 at 2:09 am
Property Features for 570 56th St
General Information
- Standard status
- Active
- Size
- 4,655 SF
- Property subtype
- Multifamily
Listing office Cervelli Real Estate & Property Management (201) 866-6300
Listing date Aug 5, 2024
Source Crexi
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 Cervelli Real Estate & Property Management
HighLights
- 40% upside in rents
- Solid brick construction
- Located just 1/2 mile from Light Rail Station
- Three‑story apartment building
- Box‑style apartments
- Front and back layouts
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.7k | $30.00 |
| − Vacancy | −$9.5k | −$2.04 |
| EGI | $130.2k | $27.96 |
| − OpEx | −$58.6k | −$12.58 |
| NOI | $71.6k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West New York
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.020326
- Latitude
- 40.787582
