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$1,399,000
Est. payment /mo
6 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260021931
Full Baths 6
Annual Tax Amount $11,754
Lot Dimensions 50X50
Property Sub-Type Investment
Property Description
Six-unit, three-story brick multifamily two buildings in from Boulevard East, West New York. Five one-bedroom, one-bath apartments and one studio. Built 1904. Newer roof, newer furnace and two newer hot water heaters, per owner. All six apartments rented. Owner provides heat and hot water. Hardwood parquet floors in living rooms and bedrooms, spacious rooms, shared laundry on the first floor. Bus and jitney service at the corner of Boulevard East and 66th Street, with access to New York City. No on-site parking; street parking with municipal permit. Rent roll: 1-A $1,556, 1-B (studio) $1,310, 2-A $1,447, 2-B $1,900, 3-A $1,900, 3-B $1,863. Total monthly rent $9,976. Total annual gross rent $119,712. Estimated annual operating expenses $31,397. Net operating income $88,315. At the $1,399,000 asking price, net operating income divided by price gives an approximate 6.31% cap rate. Income and expense figures are approximate, provided by the owner and subject to buyer verification.
Location
State NJ
County Hudson
Area West New York
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Listed by KELLER WILLIAMS CITY VIEWS
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