5517 Grant Pl - Apartments FOR SALE


West New York, NJ 07093 | 
$2,900,000 USD
201-868-6300
5517 Grant Pl, West New York, NJ for Sale
$2,900,000 USD
Apartments - FOR SALE
1/90
null | Request Cap Rate

5517 Grant Pl
West New York, NJ 07093


OVERVIEW

Acquire this 4-story, 16-unit multifamily building in West New York, New Jersey, strategically located near the 49th Street Light Rail station, offering tenants convenient access to Hoboken, Jersey City, and Manhattan and supporting sustained rental demand. The property presents meaningful upside for a buyer, as West New York's capital improvement allowance permits owners to pass through the cost of qualifying renovations as rent increases outside standard rent control limits. Unit-level upgrades could support rent growth of approximately 30% over in-place rents, creating a clear value-add opportunity for an investor to reposition rents to market while benefiting from the property's transit-adjacent location.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

16

PRICE/UNIT

$181,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

12-00082-0000-00013

ASK ABOUT THIS PROPERTY

Christopher CervelliMichael Cervelli Real Estate, LLCMore Info
201-868-6300

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Christopher CervelliMichael Cervelli Real Estate, LLCMore Info
201-868-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.