Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6501 Park Ave West New York, NJ 07093

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,550,000

    Mixed-use property with commercial space and residential units.

    Property Features for 6501 Park Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Mohamed Eisa
    Mohamed Eisa
    Source: Corcoran

    Listing Agency: TRIUMPH GROUP REAL ESTATE Listing Agent: Mohamed Eisa

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

    Learn more

    Overview

    West New York Mixed-Use Investment

    This all-brick corner property in West New York, NJ, presents a mixed-use investment opportunity. The property features one occupied ground floor commercial space and eight residential apartments. The residential units include a mix of studios, one-bedroom, and two-bedroom layouts. Two residential units will be delivered vacant, offering the potential for increased income through leasing at current market rents. To minimize owner expenses, all residential units are separately metered for gas and electric. The property also includes a one-car garage. The location is one block from Boulevard East, providing convenient access to shopping, parks, and transportation to NYC. This property offers stable cash flow and value-add potential in a strong Hudson County rental market.
    Location Intelligence

    Current Use by Public Records

    Pulgarcito Mini Market Grocery & Convenience Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    West New York
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.005782
    Latitude
    40.789903

    Nearby Similar for Sale

    • $140,000
      2,300 SF

      Established Optical Shop Opportunity

      Turnkey optical shop in prime West New York location.
      6110 Bergenline Ave, West New York, NJ 07093
      View Details
    • $78,000

      West New York Retail Opportunity

      Retail space in high-traffic location on Palisade Avenue.
      5801 Palisade Ave, West New York, NJ 07093
      View Details
    • $120,000

      Established Nail Salon on Bergenline

      Fully equipped nail salon in prime West New York location.
      6040 Bergenline Ave, West New York, NJ 07093
      View Details
    • $120,000

      Established Nail Salon on Bergenline

      Fully equipped nail salon in prime West New York location.
      6040 Bergenline Ave, West New York, NJ 07093
      View Details
    • $50,000
      500 SF

      Established Gift Shop on Bergenline Avenue

      Turnkey gift shop with loyal clientele on Bergenline Avenue.
      5206 Bergenline Ave, West New York, NJ 07093
      View Details
    • $125,000

      Established Dance Studio in West

      Thriving dance studio with unmatched brand recognition and generational loyalty.
      356 61St St, West New York, NJ 07093
      View Details
    • New
      $849,000

      West New York Two-Family Home

      Two-family home near parks, shopping, and transportation.
      608 57Th St, West New York, NJ 07093
      View Details
    • New
      $799,000
      0.06 Acres

      Multi-Family in West New York

      Two-family property with bonus apartment and finished basement near Manhattan.
      6011 Van Buren Pl, West New York, NJ 07093
      View Details
    • $290,000
      1,500 SF

      West New York Mini Market

      Latin American grocery store catering to the local Hispanic community.
      6300 Bergenline Ave, West New York, NJ 07093
      View Details
    • $900,000

      Mixed-Use Building in West New York

      Two-story mixed-use building with commercial and residential units.
      591-593 60Th St, West New York, NJ 07093
      View Details
    • New
      $1,999,999

      Two-Family Home with NYC Views

      Legal two-family home with panoramic NYC skyline views.
      5303 Boulevard EAST, West New York, NJ 07093
      View Details
    • $649,000

      West New York Investment Property

      Warehouse with two apartments in a great location.
      586 54Th St, West New York, NJ 07093
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 6501 Park Ave West New York, NJ.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Prime mixed-use investment property in West New York, NJ.; - Eight residential apartments with a mix of studios, one-bedroom, and two-bedroom units.; - Two vacant residential units offer immediate upside through leasing.
    (201) 482-6900
    Request Owner's contact information
    6501 Park Ave West New York, NJ 07093
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6501 Park Ave
    West New York, NJ 07093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6501 Park Ave West New York, NJ 07093
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mohamed Eisa
    Mohamed Eisa
    (201) 482-6900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!