Redwood Realty Advisors has been retained to exclusively market a two-building, 13-unit multifamily package located on 66th Street in West New York, New Jersey.
The properties are ideally positioned just off Park Avenue and near Boulevard East, providing residents with convenient access to shopping, dining, local bus routes and Manhattan-bound transportation.
The offering includes a mix of one- and two-bedroom apartments. Based on projected market rents of approximately $1,900 for one-bedroom units and $2,400 for two-bedroom units, the package offers approximately 30%+ rental upside through the continued repositioning of below-market units.
The offering provides investors with the opportunity to acquire immediate scale in a strong North Hudson rental market with excellent transit access and meaningful value-add potential.