Listed by Matthews
$3,621,000
6110-6112 Park Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,750
Units 18
Cap Rate 6.38%
NOI $230,987
Price per SqFt $230
Class B
Buildings 1
Stories 4
Investment Type Net Lease
Value-Add Opportunity | 15/18 Free Market | 6.38% Cap Rate
Investment highlights
Value-Add Opportunity
- 18 Units
- 2 Condo Buildings
- 15/18 Units are Free Market
- 6.38% Cap Rate
- 33% Upside
Building Highlights
- 15/18 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 electric
- 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.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,987.00
$19,248.92/mo
Valuation Metrics
0
DSCR
6.38%
Cap Rate
6.38%
ROI
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