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29085857
29085858

123 63rd St, West New York, NJ 07093 For Sale

Joseph Aziz Real Estate
Listed by Joseph Aziz Real Estate
$1,400,000
194 days on market
Updated 3 days ago

123 63rd Street

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 5,115
Units 10
Cap Rate 6.63%
NOI $92,820
Occupancy 100%
Price per SqFt $274
Year Built 1940
Stories 3
Acreage 2500.000
Zoning Residential

Prime 10-Unit Investment Opportunity in Hudson County

Marketing description

Prime 10-Unit Investment Opportunity in Hudson County Discover a rare multifamily asset in one of West New York's strongest and most consistently in-demand rental corridors. 123 63rd Street is a 10-unit building offering stability, income potential, and long-term upside in a location that continues to see sustained growth and tenant demand. The property features a well-balanced mix of apartments, all within a structure that has been thoughtfully maintained and cared for over the years. With strong cash flow, efficient operating expenses, and solid tenancy, this building presents an appealing opportunity for both new and seasoned investors looking for a high-performing addition to their portfolio. Positioned near major transportation options, including NJ Transit bus service, ferry connections, and fast access to major highways, the location provides seamless connectivity to Manhattan, Hoboken, and the broader Hudson County market. Residents benefit from proximity to shopping, dining, and neighborhood amenities that make this area one of the most desirable rental pockets in Northern New Jersey. With its combination of location, scale, and return potential, 123 63rd Street represents a compelling investment with room for future growth. Inquire for full financials, rent roll, and detailed offering information. ***Heat and water are paid by the owner. Boiler gas 4 years old. All units are in good condition, no violation or assessments.***

Listing Contacts

Joseph Aziz Real Estate
Listed by Joseph Aziz Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$92,820.00
$7,735.00/mo

Valuation Metrics

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DSCR
6.63%
Cap Rate
6.63%
ROI

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