INCREDIBLE LOCATION - Multi-Family New Jersey

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of COURT STREET PROPERTY GROUP (201-822-1850)
Tweet

Location

6118 PARK AVE
West New York NJ 07093
Cross street:61st St & 62nd St

Property

Ownership: For Sale
Type: Multi-Family
Rooms: 5
Bathrooms: 5
Pets: No Pets

Financials

Price: $659,000

Description

INCREDIBLE LOCATION. INVESTMENT OPPORTUNITY! ~7% Cap Rate based on projected Net Operating Income. Come tour this large four-family home in West New York. Unit #1 is on the first floor and is a 1 Bed / 1 Bath. Unit #2 is on the first floor as well, but has 2 Beds / 1 Bath and private access to the backyard. Unit #3 is on the second floor and is a 1 Bed / 1 Bath. Lastly, Unit #4 is on the second floor and has 1 Bed / Bath. Bonus apartment in the basement is currently occupied by the Owner. The property is well-maintained and most of the units have been renovated to some degree (new kitchens, new bathrooms, and hardwood floors). The property is heated by one gas boiler, and one hot water heater, there are five electric meters (four residential and one for the common areas) and five gas meters. The current rents are below-market and the tenants leases are month-to-month with the exception of Unit #1, which expires in November 2017. The property is close to ALL buses and trains to NYC, as well as walking distance to all local shops and restaurants. A great investment opportunity in an area with a lot of potential!


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.