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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    560 55Th St West New York, NJ 07093

    • Industrial properties
    • 30,840 SF
    • 0.39 lot acres
    For Sale
    View listing
    Last Sale
    Feb 21, 2023
    $3,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1346623
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Iwanciw Functional Funware / Women'S Clothing Store / Clothing Store
    • NetNutri / Corporate Office
    • Kozco Enterprises LLC / Glass & Mirror Shop
    • Pure and Co. LLC / Beauty Supply Store
    • American Generic Labs / Weight Loss Service

    Property Details for 560 55Th St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.39 lot acres
    Property size
    30,840 SF
    Property type
    Industrial properties
    APN
    12 00118-0000-00003
    APU
    1200118000000003

    Description

    This exceptional 30,000 square foot multi-tenant property at 560 55th Street in West New York, New Jersey (zip code 07093), offers a unique blend of office and industrial space. Currently, 5,000 square feet is available for lease. The building boasts a variety of uses, including flex space, warehouse, traditional office, and creative office space, making it ideal for a diverse range of businesses. The property features one loading dock and one drive-in door, ensuring efficient loading and unloading. Power is supplied by a 200-amp service. An elevator is available for convenient access to all floors. The building's high ceilings (14 feet) and abundant natural light create a bright and inviting atmosphere. Its location in Hudson County provides easy access to major highways, making it a highly desirable location for businesses needing convenient transportation links. The available space is perfect for a variety of commercial uses, including but not limited to food businesses, contractors, online retailers, dance studios, art galleries, sign makers, print shops, and artist studios. This property presents a fantastic opportunity for businesses seeking a versatile and well-located space in a thriving area of New Jersey.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,720,000
      ML approach
      $3,675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,064,000
      Market price range: $4.06M - $13.0M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West New York
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0208
    Latitude
    40.7868
    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
    $69,858
    $277,200
    $622,800
    $900,000
    -
    $277,200
    $622,800
    $900,000

    Comparable in this City

    • Value Estimation by Request
      2,600 SF

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      INDUSTRIAL (GENERAL) • 2,600 SF
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    • Value Estimation by Request
      3,672 SF

      569 56th St

      INDUSTRIAL (GENERAL) • 3,672 SF
      569 56th St, West New York, NJ 07093-1233
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    • Value Estimation by Request
      3,861 SF

      208 64th St

      INDUSTRIAL (GENERAL) • 3,861 SF
      208 64th St, West New York, NJ 07093-3007
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    • Value Estimation by Request

      To E Under 70th St

      INDUSTRIAL (GENERAL)
      To E Under 70th St, West New York, NJ 07093
      View Details
    • Value Estimation
      $1,190,000
      13,248 SF

      588 56th St

      INDUSTRIAL (GENERAL) • 13,248 SF
      588 56th St, West New York, NJ 07093-1236
      View Details
    • Value Estimation
      $670,000
      1,707 SF

      6719 Adams St

      INDUSTRIAL (GENERAL) • 1,707 SF
      6719 Adams St, West New York, NJ 07093-1709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,000 SF

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      38,000 SF Manufacturing/Warehouse, NJ
      560 55Th St, West New York, NJ 07093
      View Details
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      Mixed-Use Building with Warehouse Space

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      Commercial Land Available For Sale

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      Commercial Land for Sale

      Commercial land available for purchase.
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    Similar Nearby for Lease

    • $12,500 /Mo

      West New York Warehouse Space

      10,000 SF warehouse space with drive-in door and parking.
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      View Details
    • $7,000 /Mo

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      Industrial warehouse in West New York with freight elevator.
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    • $15 SF/Yr
      100,000 SF

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      West New York Industrial Property: 6,000+ SF Available
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    • $11 SF/Yr

      6101 Filmore Pl West New York NJ 07093

      Warehouse for Lease in West New York
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      View Details
    • $3,500 /Mo

      Commercial Space Near Boulevard East

      2,000 sq ft commercial space suitable for various businesses.
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      View Details
    • $2,700 /Mo

      Spacious Apartment Near Transportation

      Three-bedroom apartment with ample storage and convenient location.
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      View Details
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    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.

    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
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