Listed by Matthews
$3,295,000
201 Claremont Ave
Details
Property Type Multifamily
Square Footage 8,750
Net Rentable (SqFt) 8,750
Units 17
Cap Rate 7.04%
NOI $231,924
Price per SqFt $377
Value-Add Opportunity
Marketing description
Value-Add Opportunity
- 17 Units
- 33% Upside
- 7.04% Cap Rate
- $194K Price Per Unit
- Less than 25 minutes to Manhattan
Building Highlights
- Brick Building
- Renovated Units
- Strong unit mix of two- & three-bedroom units
- Separately metered units
- Tenants pay for cooking gas & electric
- Landlord pay for heat, hot water, common area electric & water/sewer
- Prime Location in Bergen Lafayette
Convenient Transportation
- The building is approximately an 7-minute walk to the MLK Drive light rail stop which provides a 17 minute ride 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
$231,924.00
$19,327.00/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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