Investment Overview

Register to bid and access due diligence documents on Ten-X: https://www.loopnet.com/Listing/6008-Fillmore-Pl-West-New-York-NJ/37372009/ The 14-unit multifamily asset has a 36% spread between registered and actual rents, creating meaningful upside as units turn over, while one apartment will be delivered vacant. These characteristics position the offering around both existing income and the ability to capture higher rents over time. Built in 1920, the three-story property contains 8,093 square feet on 0.08 acres. Residents are responsible for electric and gas, while the landlord covers heat and hot water. The submarket supports the investment thesis with 4.6% vacancy and 2.1% rent growth during the past 12 months. Vacancy is forecast to remain relatively stable as rents are expected to rise at a slightly faster pace. The location adds accessibility and resident convenience, earning a Walk Score of 96 and placing restaurants, boutique shops, everyday services, and Donnelly Memorial Park within walking distance. Situated adjacent to 60th Street, an established local hub for health services known as “Doctors’ Row,” the property also benefits from visibility to more than 10,000 vehicles per day. NJ Transit bus routes and NY Waterway ferry service provide connections to New York City, approximately 4 miles away. Within 1 mile, the population exceeds 113,000, average household income tops $98,000, and annual consumer spending surpasses $1.15 billion. For value-add investors, 6008 Fillmore Place pairs immediate rental income with measurable rent upside, a walkable Gold Coast setting, and multifamily demand fundamentals that support the asset’s repositioning potential. Property tours are by appointment only. Please contact the listing broker to schedule.