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6 Family West New York, New Jersey 110 Westover Pl 6 Unit Apartment Building $2,303,268 CAD ($383,878 CAD/Unit) 8.47% Cap Rate West New York, NJ 07093
EXECUTIVE SUMMARY
***$139,813 NOI is the proforma.*** 6 legal units on 4 levels. All units are above grade (no basement). 3 of the 6 units have been leased. Completion of renovation/improvements for 2 of the 3 units -- both 3 bedrooms -- in progress (95% done). 5 of the 6 units have been updated/renovated over the last 5 years. 2 parking spots. One block from: Boulevard East, bus stop to NYC, and Donnelly Memorial Park. Surrounded by new development and steps to Park Ave with retail and restaurants. Ground floor has 2 units (2 bed & 1 bed), 1st floor has 2 units (2 bed & 1 bed), 2nd floor has 1 unit (3 bed), 3rd floor has 1 unit (3 bed). Previous tenants for current vacancies were paying $1,648 (1 bed), $3,500 (3 bed) , $3,811 (3 bed) which is more than the proforma. Contact listing agent for more details.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$251,266
|
$50.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$251,266
|
$50.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,096
|
$11.22
|
| Net Operating Income |
$195,169
|
$39.03
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $251,266 |
| Annual Per SF | $50.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $251,266 |
| Annual Per SF | $50.25 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,096 |
| Annual Per SF | $11.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $195,169 |
| Annual Per SF | $39.03 |
PROPERTY FACTS
| Price | $2,303,268 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $383,878 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.47% | Building Size | 5,000 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Zoning | RM | ||
| Price | $2,303,268 CAD |
| Price Per Unit | $383,878 CAD |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1982/2025 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 6 | $4,886 CAD | - |
| 2+1 | 2 | $3,490 CAD | - |
| 1+1 | 9 | $2,094 CAD | - |
| 2+2 | 4 | $3,490 CAD | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 12-00043-0000-00022 | Improvements Assessment | $285,545 CAD |
| Land Assessment | $88,131 CAD | Total Assessment | $373,676 CAD |
PROPERTY TAXES
Parcel Number
12-00043-0000-00022
Land Assessment
$88,131 CAD
Improvements Assessment
$285,545 CAD
Total Assessment
$373,676 CAD
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6 Family West New York, New Jersey | 110 Westover Pl
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