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6501 Park Ave 8 Unit Apartment Building $2,123,810 CAD ($265,476 CAD/Unit) 4.97% Cap Rate West New York, NJ 07093

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Investment Highlights

Corner property
One block from Blvd East

All brick

Executive Summary

MIXED USE BUILDING FOR SALE!
PRIME INVESTMENT OPPORTUNITY IN WEST NEW YORK. 8 RESIDENTIAL UNITS + 1 COMMERCIAL AND ONE CAR GARAGE.
PRIME CORNER LOCATION, 1 BLOCKFROM BLVD EAST
RESIDENTIAL UNITS (STUDIOS, 1BRS, &2BRS)
SEPARATE ELECTRIC & GAS METERS FOR ALL TENANTS
HIGH-DEMAND RENTAL AREA NEAR SHOPPING, PARKS, AND NYC TRANSIT
TWO UNITS WILL BE DELIVERED VACANT,PROVIDING THE OPPORTUNITY TO RAISE RENTS TO MARKET LEVELS, WITHPROJECTED RENTS OF $1,600 FOR ONE UNIT AND $1,850–$2,000 FOR THE OTHER

Property Facts

Price	$2,123,810 CAD	Apartment Style	Low-Rise
Price Per Unit	$265,476 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	4.97%	Building Size	6,705 SF
No. Units	8	No. Stories	3
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	0.15/1,000 SF
Zoning	CR - Commercial

Price	$2,123,810 CAD
Price Per Unit	$265,476 CAD
Sale Type	Investment
Cap Rate	4.97%
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	6,705 SF
No. Stories	3
Year Built	1900
Parking Ratio	0.15/1,000 SF
Zoning	CR - Commercial