570 56th Street
Three-story brick apartment building with front and back layouts, 1/2 mile from Light Rail. Solid co
Listing Contacts
License: NJ NJ 1864309
License: 9807944
Active
Asking Price: $999,000
Address
570 56th St, West New York, NJ 07093
Show on MapDate Added
Aug 5, 2024
Days on Market
225 days
Time Since Last Update
1 day
Details
Property TypeMultifamily
SubtypeApartment Building
ClassB
Square Footage4,655
Price/Sq Ft$214.61
Cap Rate5.34%
NOI$53,357
Units6
Stories3
Zoning1-L
Lot Size (sq ft)2,500
Price/Unit$166,500
Marketing Description
Three-story brick apartment building featuring box-style apartments with front and back layouts. Constructed with solid brick, it is located just 1/2 mile from the Light Rail Station. There is a 40% upside in rents.
Investment Highlights
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Box style apartments
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Tenants pay for hot water
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40% upside in rents
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West New York vacancy capital improvements =$50/month/$1,000 invested
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,357.00
$4,446.42/mo
Valuation Metrics
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0
DSCR
5.34%
Cap Rate
5.34%
ROI
Due Diligence
Listing Contacts
- License: NJ NJ 1864309
- License: 9807944
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Broker Information
Broker Information
Broker Name
Christopher Gerena
Broker License
NJ NJ 1864309
Brokerage Name
Cervelli Real Estate
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