66th Street Multi Family Package Multi-Family FOR SALE


West New York, NJ
$2,600,000 USD
862-703-0801
, West New York, NJ for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/2
null | 6% Cap Rate

66th Street Multi Family Package
West New York, NJ


HIGHLIGHTS

  • Desirable unit mix of six one-bedroom and seven two-bedroom apartments
  • 30%+ rental upside
  • Prime WNY location between Park Ave & Blvd East

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

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

Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

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