Value-Add Opportunity

• 6 Units
• 19% Upside
• Average Rents $2,013, with Market Rents $2,400
• 6.87% Cap Rate
• 8.65% Cash on Cash Return

Building Highlights

• 5 Parking Spots
• New Boilers & Heaters – 2024
• Recoated Roof in 2024
• Laundry in Basement
• 6 Storage Units
• Security Cameras throughout Building
• All Separately Metered
• Tenant pays for heat, hot water, water, cooking gas & electric
• Landlord pays for common area electric and sewer
• Prime Location in McGinley Square

Convenient Transportation

• The building is approximately a 5-minute walk to Bergen Ave 70’n of Montgomery St bus stop which provides a 30 minute trip to Manhattan via the PATH Train.