INVESTMENT HIGHLIGHTS

VALUE-ADD OPPORTUNITY

• 27 Units
• 30% Upside
• 6.12% Cap Rate
• Average Rent of $1,621 vs Market Rent of $2,108 ($487+ difference upon turnover)

 

BUILDING HIGHLIGHTS

• 25 of 27 Free Market Units
• Mostly 2- & 3-Bed Units
• Tenants Pay for Heat, Hot Water, Cooking Gas & Electricity
• Landlord Pays for Water/Sewer & Common Area Electric
• Updated Common Areas

 

CONVENIENT TRANSPORTATION

• The building is a 1-minute walk from the JFK Blvd & 54th St. bus stop, offering direct access to the Journal Square PATH train and a 50-minute ride to Midtown Manhattan. It’s also a 20-minute walk to the 45th St. Light Rail, conveniently connecting tenants to the rest of Hudson County and NYC.