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    567 52Nd St West New York, NJ 07093

    Sponsored
    For Lease
    $15 SF/Yr

    West New York Industrial Property: 6,000+ SF Available

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional industrial property, known as Arrow Box, presents a rare opportunity in West New York, NJ. Located at 567 52nd St, 07093, this two-story manufacturing facility boasts a total of 100,000 square feet across 20 suites, situated on a 2-acre lot. Built in 1920, the building offers a minimum divisible space of 6,000 square feet, with one space currently available ranging from 3,500 to 6,000 square feet. The property features a 14-foot ceiling height, providing ample vertical space for various industrial operations. Loading and unloading are facilitated by four loading docks and one drive-in door. Ample parking is available with 60 spaces. The building is equipped with heavy power and a freight elevator for efficient material handling. Its location in Hudson County, New Jersey offers excellent access to major transportation routes and a skilled workforce. This multi-tenant building provides a robust infrastructure for manufacturing and light warehouse operations. The property's size and features make it ideal for a variety of businesses seeking a well-established industrial space in a prime location. Inquire today to learn more about this unique opportunity.

    Property Features for 567 52Nd St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Total Rate
    125000

    Building Details

    Year Built
    1920
    Stories
    2

    Unit(s) available at that property

    Space
    Available Suite 1
    Size
    3,500 SF
    Rate per SF
    $15

    HighLights

    • Rare opportunity: 100,000 SF two‑story manufacturing facility in West New York, NJ (07093).
    • 567 52nd St, situated on a 2‑acre lot with 60 parking spaces.
    • Features 20 suites, minimum divisible space of 6,000 SF, with one 3,500‑6,000 SF space currently available.
    • 14‑foot ceiling height, four loading docks, one drive‑in door, and a freight elevator.
    • Heavy power available; excellent access to major transportation routes and a skilled workforce.
    Property Profile Location Intelligence

    Current Use by Public Records

    All POP Displays Industrial Design Company 5Kount LLC Clothing Supplier Cima & sima norteamerica Wholesale Drugstore Delicate Swim Wear ... Swimwear Store 55 Gallon Drums ... Barrel Supplier

    Suggested Use

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

    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
    -74.0218415
    Latitude
    40.7847593

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    FAQs

    What type of property is this?
    Manufacturing property - West New York Industrial Property: 6,000+ SF Available
    Where is this manufacturing property located?
    The property is located at 567 52Nd St West New York, NJ.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Rare opportunity: 100,000 SF two-story manufacturing facility in West New York, NJ (07093).; 567 52nd St, situated on a 2-acre lot with 60 parking spaces.; Features 20 suites, minimum divisible space of 6,000 SF, with one 3,500-6,000 SF space currently available.
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    567 52Nd St West New York, NJ 07093
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    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.

    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
    567 52Nd St West New York, NJ 07093
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