REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Scott Selleck Keller Williams City Views Realty
$ 1,399,000
Est. payment | /mo
$ 1,399,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26041438
Style 5+Family
Property Sub-Type 5+Family
Property Description
Six-unit, three-story brick multifamily two buildings in from Boulevard East, West New York. Five one-bedroom, one-bath apartments and one studio. Built 1904. Newer roof, newer furnace and two newer hot water heaters, per owner. All six apartments rented. Owner provides heat and hot water. Hardwood parquet floors in living rooms and bedrooms, spacious rooms, shared laundry on the first floor. Bus and jitney service at the corner of Boulevard East and 66th Street, with access to New York City. No on-site parking; street parking with municipal permit. Rent roll: 1-A $1,556, 1-B (studio) $1,310, 2-A $1,447, 2-B $1,900, 3-A $1,900, 3-B $1,863. Total monthly rent $9,976. Total annual gross rent $119,712. Estimated annual operating expenses $31,397. Net operating income $88,315. At the $1,399,000 asking price, net operating income divided by price gives an approximate 6.31% cap rate. Income and expense figures are approximate, provided by the owner and subject to buyer verification.
Location
State NJ
County Hudson
Ready to make a move?
Get pre-approved for this home in minutes.
Already toured or saved this listing? Take the next step. Start a secure application below and find out exactly what you qualify for — no credit hit, no obligation. Sellers take pre-approved buyers seriously.
Start your pre-approval