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563 59th Street, West New York, NJ. 07093 563 59th St 10 Unit Apartment Building $1,535,512 CAD ($153,551 CAD/Unit) 6.31% Cap Rate West New York, NJ 07093
INVESTMENT HIGHLIGHTS
- 25'x100' lot size, Two separate buildings, renovated units.
EXECUTIVE SUMMARY
CALLING ALL INVESTORS!! FOUR FAMILY WITH HIGH INCOME located right off Bergenline Ave in West NY. ***UNIT #2 is now vacant*** The property consists of (1) 3-bedroom duplex, (2) 2-bedroom apts, and (1) 2-bedroom private back building with courtyard. All apartments have large spacious layouts. Extra-large lot coverage (25'x100). Well maintained and renovated with tons of upside potential in the rents. True "value add" or condo conversion opportunity. Please call/text listing agent for income/expenses & to schedule a private viewing. This property may qualify for Fannie Mae's low down payment loan program (consult your lender).
Virtual tour: https://my.matterport.com/show/?m=svhur5tyrCx
Virtual tour: https://my.matterport.com/show/?m=svhur5tyrCx
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$132,333
|
$57.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,333
|
$57.29
|
| Taxes |
$16,796
|
$7.27
|
| Operating Expenses |
$18,661
|
$8.08
|
| Total Expenses |
$35,456
|
$15.35
|
| Net Operating Income |
$96,877
|
$41.94
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $132,333 |
| Annual Per SF | $57.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,333 |
| Annual Per SF | $57.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,796 |
| Annual Per SF | $7.27 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,661 |
| Annual Per SF | $8.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,456 |
| Annual Per SF | $15.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,877 |
| Annual Per SF | $41.94 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Yard
- Basement
- Dining Room
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,211 CAD | - |
| 2+1 | 2 | $3,001 CAD | - |
| 2+1 | 3 | $2,722 CAD | - |
| 2+1 | 4 | $2,094 CAD | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 12-00126-0000-00010 | Total Assessment | $211,515 CAD |
| Land Assessment | $69,095 CAD | Annual Taxes | $16,796 CAD ($7.27 CAD/SF) |
| Improvements Assessment | $142,420 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
12-00126-0000-00010
Land Assessment
$69,095 CAD
Improvements Assessment
$142,420 CAD
Total Assessment
$211,515 CAD
Annual Taxes
$16,796 CAD ($7.27 CAD/SF)
Tax Year
2025
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563 59th Street, West New York, NJ. 07093 | 563 59th St
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