6507 Bergenline AveWest New York, NJ 07093

  • Other commercial real estate
  • 2,888 SF
For Sale
$1,675,000 View listing

Property Details for 6507 Bergenline Ave

Year built
1920
Construction
BRICK
Lot size
0.05 AC
Property size (Sq ft)
2,888 SF
Property type
Other commercial real estate
APN
12 00154-0000-00011
APU
1200154000000011

Description

This exceptional investment opportunity presents a mixed-use property located at 6507 Bergenline Avenue in West New York, New Jersey, 07093. The 4,000 square foot building offers a compelling blend of retail and residential space, ideal for a savvy investor seeking strong rental income and potential appreciation. The property comprises a street-level retail store with a full basement, providing ample storage or expansion possibilities. Above the retail space are four well-maintained, two-bedroom apartments, each offering comfortable living spaces. The entire building has undergone a complete renovation within the past five years, ensuring modern amenities and reduced maintenance costs for the new owner. This translates to a low-maintenance, high-return investment. Situated in a high-visibility location on Bergenline Avenue, the property benefits from excellent foot traffic and convenient access to public transportation, providing easy commutes to New York City. The asking price for this turnkey investment is $1,675,000. This property represents a rare chance to acquire a well-maintained, income-generating asset in a thriving New Jersey location. The combination of retail and residential units offers diversification and stability, making it an attractive option for both seasoned and first-time investors. Don't miss this opportunity to secure a valuable piece of West New York real estate.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $546,523
    Hospitality
    $500,612
    Educational
    $416,503
    Medical
    $430,827
    Retail
    $647,894
6507 Bergenline Ave, West New York, New Jersey
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Location Insight

City
West New York
County
Hudson
State
New Jersey
Latitude
40.7933
Longitude
-74.0133
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,638
$90,200
$162,800
$253,000
-
$90,200
$162,800
$253,000

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