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Millenium 599 60th St 5,000 SF 100% Leased Industrial Building West New York, NJ 07093 $1,640,328 CAD ($328.07 CAD/SF) 5.83% Cap Rate
Investment Highlights
- The warehouse offers a 9'8'' wide by 8' high drive in bay with a motorized garage door and security gate
- Second floor apartment with great natural light with windows on three sides.
- 46' no parking loading zone Monday-Friday 8-6 in front of the building
Executive Summary
Mixed use building with full lot coverage on 50 x 95 land. First floor masonry warehouse of 4,600 sq ft made of 3,750 sq ft of open space, minimal columns, and 11' ceiling; plus 850 sq ft office space with three bathrooms and kitchenette. The warehouse offers a 9'8'' wide by 8' high drive in bay with a motorized garage door and security gate, plus a 46' no parking loading zone Monday-Friday 8-6 in front of the building. Second floor apartment with great natural light with windows on three sides. Eat in kitchen with wood cabinetry, dark granite countertops, and stainless steel gas range, refrigerator, and microwave. Bathroom with travertine tiled shower and granite sink vanity. Two good sized bedrooms, currently being used as three bedroom with combo kitchen living room. Dark hardwood floors thru the apartment. Both units are currently rented for good cash flow and investment at 5.83% CAP rate, see enclosed financials. Parking: 1 reserved street spot and 1 drive-in bay spot.
Property Facts Under Contract
| Price | $1,640,328 CAD | Rentable Building Area | 5,000 SF |
| Price Per SF | $328.07 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1950 |
| Cap Rate | 5.83% | Parking Ratio | 0.8/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 11’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.11 AC | ||
| Zoning | R-M - Industrial | ||
| Price | $1,640,328 CAD |
| Price Per SF | $328.07 CAD |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.11 AC |
| Rentable Building Area | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.8/1,000 SF |
| Clear Ceiling Height | 11’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | R-M - Industrial |
Amenities
- 24 Hour Access
- Front Loading
- Signage
- Storage Space
- Fluorescent Lighting
- Air Conditioning
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 12-00132-0000-00011 | Improvements Assessment | $243,039 CAD |
| Land Assessment | $134,564 CAD | Total Assessment | $377,603 CAD |
Property Taxes
Parcel Number
12-00132-0000-00011
Land Assessment
$134,564 CAD
Improvements Assessment
$243,039 CAD
Total Assessment
$377,603 CAD
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Millenium | 599 60th St
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