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6110-6114 Park Ave, West New York, NJ, 07093

6110-6114 Park Ave
$4,345,000

Key Information

Cap Rate
6%
Units
21
Type
Apartments
NOI
$260,687
Leasable Area
15,750

Highlights

Value-Add Opportunity

  • 21 Units
  • 3 Condo Buildings
  • 18/21 units are Free Market
  • 6.00% Cap Rate
  • 32% Upside

Building Highlights

  • 21 Units
  • 18/21 Free Market
  • All Two-Bedroom Units
  • Brick Building
  • All separately metered
  • Tenants pay for cooking gas and electric
  • Landlord pays for heat, hot water, water/sewer, and common area eclectic
  • Prime Location in West New York

Convenient Transportation

  • The building is approximately a 3-minute walk to 60th St at Park Ave bus stop which provides a total 16 minute trip to Manhattan via the PATH Train.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656