Share This Listing

Message

953 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

Prime 10-Unit Investment Opportunity in Hudson County Discover a rare multifamily asset in one of West New York's strongest and most consistently in-demand rental corridors. 123 63rd Street is a 10-unit building offering stability, income potential, and long-term upside in a location that continues to see sustained growth and tenant demand. The property features a well-balanced mix of apartments, all within a structure that has been thoughtfully maintained and cared for over the years. With strong cash flow, efficient operating expenses, and solid tenancy, this building presents an appealing opportunity for both new and seasoned investors looking for a high-performing addition to their portfolio. Positioned near major transportation options, including NJ Transit bus service, ferry connections, and fast access to major highways, the location provides seamless connectivity to Manhattan, Hoboken, and the broader Hudson County market. Residents benefit from proximity to shopping, dining, and neighborhood amenities that make this area one of the most desirable rental pockets in Northern New Jersey. With its combination of location, scale, and return potential, 123 63rd Street represents a compelling investment with room for future growth. Inquire for full financials, rent roll, and detailed offering information. ***Heat and water are paid by the owner. Boiler gas 4 years old. All units are in good condition, no violation or assessments.***

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,923,208 CAD
Price Per Unit $192,321 CAD
Sale Type Investment
Cap Rate 6.63%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 5,115 SF
No. Stories 3
Year Built 1940
Zoning R-M - Residential - Multifamily

Amenities

Unit Amenities

  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
2+1 6 - -
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
12-00028-0000-00006
Land Assessment
$85,691 CAD (2025)
Improvements Assessment
$286,138 CAD (2025)
Total Assessment
$371,829 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 38442405

  • Date on Market: 2025-11-13

  • Last Updated:

  • Address: 123 63rd St, West New York, NJ 07093

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}