5-Unit Mixed-Use Multifamily
739-741 SCHUYLER AVE Kearny, NJ 07032
New
739-741 SCHUYLER AVE, Kearny, NJ, 07032
$1,299,888
For Sale
$1,299,888
Five-unit building delivered vacant at closing, with substantial parking including a one-car garage and lot for 15+ vehicles.
Days on Market4
Property Features for 739-741 SCHUYLER AVE
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing agency
KELLER WILLIAMS PARK VIEWS
(201) 939-0050
Listed by
BILLY PENA · License #0338712
Source
Corcoran
Added: Jul 18 Updated: Jul 20 at 8:19PM Checked: Jul 21 at 5:22AM
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Investment Insights
Based on property information with market context.
This five-unit, mixed-use multifamily building offers an investor-ready configuration with apartments delivered completely vacant at closing, giving the next owner the flexibility to establish new market rents. Current performance is supported by stated gross income of $105,600 per year and net income of $77,382 per year, reflecting a 6.45% cap rate based on the provided figures.
The property includes a 1-car garage and an expansive parking lot accommodating 15+ vehicles, a particularly valuable amenity for tenants and operations. The building is zoned R-2, providing a zoning basis for future flexibility as described in the offering.
Representing a straightforward, income-producing multifamily opportunity with significant parking capacity and vacancy at closing, this is positioned as a strong fit for investors and 1031 Exchange buyers seeking to take control of rental positioning immediately.
The property includes a 1-car garage and an expansive parking lot accommodating 15+ vehicles, a particularly valuable amenity for tenants and operations. The building is zoned R-2, providing a zoning basis for future flexibility as described in the offering.
Representing a straightforward, income-producing multifamily opportunity with significant parking capacity and vacancy at closing, this is positioned as a strong fit for investors and 1031 Exchange buyers seeking to take control of rental positioning immediately.
Key Highlights
- 5‑unit mixed‑use building with gross income of $105,600/year and net income of $77,382/year
- 6.45% cap rate reported in the listing
- Units will be delivered completely vacant at closing, allowing new market rents
Property Analytics
Location Intelligence
Current Use by Public Records
1031 exchange properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-unit building delivered vacant at closing, with substantial parking including a one-car garage and lot for 15+ vehicles.
Where is this apartment building located?
The property is located at 739-741 SCHUYLER AVE Kearny, NJ.
What is the asking price?
The asking price for this property is $1,299,888.
What are key features of this property?
This property features: 5‑unit mixed‑use building with gross income of $105,600/year and net income of $77,382/year; 6.45% cap rate reported in the listing; Units will be delivered completely vacant at closing, allowing new market rents
