Listed by Michael Cervelli Real Estate & Property Management
$999,000
570 56th Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,655
Units 6
Cap Rate 5.34%
NOI $53,357
Price per SqFt $215
Class B
Stories 3
Lot Size (SqFt) 2,500
Zoning 1-L
Three-story brick apartment building with front and back layouts, 1/2 mile from Light Rail. Solid co
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
Box style apartments
Tenants pay for hot water
40% upside in rents
West New York vacancy capital improvements =$50/month/$1,000 invested
Listing Contacts
Listed by Michael Cervelli Real Estate & Property Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,357.00
$4,446.42/mo
Valuation Metrics
0
DSCR
5.34%
Cap Rate
5.34%
ROI
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