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    616 Stuyvesant Ave Irvington, NJ 07111

    For Sale
    $450,000

    Colonial with income-generating business, near NYC transport.

    Property size:
    1 SF
    Lot size:
    0.03 Acres

    Property Features for 616 Stuyvesant Ave

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    0.03 Acres

    Building Details

    Year built
    1900

    Source: COLDWELL BANKER REALTY Agent MARVIN WILLIAMS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Colonial Near NYC Transport

    This income-producing property features a 4-bedroom, 2.5-bath colonial conveniently located within walking distance of NYC buses. Situated in a light commercial area, the property includes an income-generating business yielding $1,250 per month. The current annual rent roll is $39,000, with a potential annual rent roll of $48,000. The first level boasts an updated eat-in kitchen with quartz countertops, gray shaker cabinets, crown molding, and stainless steel appliances. This level also features an expansive living room and a bedroom. The second level includes two generously sized bedrooms with large closet space. The full bathroom has a soaking tub with built-in shower accessories and a woodgrain vanity. The basement has a half bath, a flexible bonus room that can serve as a fourth bedroom, and direct access to the spacious attached garage. Additional highlights include hardwood floors throughout, recessed lighting, and updated plumbing and electrical systems. The property is 15 minutes from Newark Airport and 35 minutes from Manhattan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irvington
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2366429
    Latitude
    40.7257131

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    FAQs

    What type of property is this?
    Single family property - Colonial with income-generating business, near NYC transport.
    Where is this single family property located?
    The property is located at 616 Stuyvesant Ave Irvington, NJ.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Income-generating business provides $1,250/month, offsetting mortgage costs.; - Conveniently located within walking distance of NYC buses.; - Potential annual rent roll of $48,000.
    (973) 378-8300
    Request Owner's contact information
    616 Stuyvesant Ave Irvington, NJ 07111
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    Irvington, NJ 07111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Stuyvesant Ave Irvington, NJ 07111
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