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Multifamily

Auction - NYC MSA | 11-Unit Multifamily + Retail

119 59th St, West New York, NJ 07093

Starting Bid: $650,000

Number of Units
11
GRM
3.00
Occupancy
100.0%
Price/Unit
$59,091
Price/Gross SF
$76.74
Gross SF
8,470
Auction Type
Reserve
Auction Start Date
Jun 8, 2026
Auction End Date
Jun 10, 2026

Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3144

119 59th St and 5808 Buchanan Place represent a mixed-use, corner and mid-block assemblage in West New York, Hudson County, consisting of (10) apartments and (1) ground floor retail unit. The property is fully occupied and includes a diverse unit mix of (3) one-bedroom units, (6) two-bedroom units, (1) one three-bedroom unit, and a convenience store.

The asset is positioned in one of Hudson County’s most supply-constrained and commuter-oriented municipalities, directly within the Northern New Jersey portion of the New York metro. West New York benefits from dense residential demand, proximity to Manhattan, and regional connectivity through the surrounding Hudson County transportation network. This location continues to attract both local and regional renters seeking access to employment centers throughout Hudson County and New York City.

Operationally, the property offers a stable, in-place income stream with utility reimbursement characteristics that support efficient ownership. Tenants cover cooking gas and in-unit electric at 119 59th Street, while the asset’s current occupancy, mixed-use composition, and established neighborhood location position it well for investors seeking durable urban infill housing with a complementary retail component.

Investment Highlights

  • Auction - June 8-10, 2026 | Staring Bid: $650,000
  • Two contiguous buildings with 10 apartments and 1 ground-floor retail unit in West New York
  • Fully occupied mixed-use asset in a dense Hudson County submarket within the New York metro
  • Diverse unit mix includes 1BR, 2BR, and 3BR apartments, supporting broad renter appeal
  • Corner location at 59th Street and Buchanan Place offers strong neighborhood visibility
  • In-place utility structure supports efficient operations and reduced landlord expense exposure
  • Urban infill setting near major regional employment centers supports durable rental demand

Exclusively Listed By

Auction Advisors

  • Ian Grusd, CCIM, SIOR

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Ian

    License(s): NJ: 9233895

    New York City

Financing By

Multifamily

Auction - NYC MSA | 11-Unit Multifamily + Retail

Starting Bid: $650,000

Number of Units
11
GRM
3.00
Occupancy
100.0%
Price/Unit
$59,091
Price/Gross SF
$76.74
Gross SF
8,470
Auction Type
Reserve
Auction Start Date
Jun 8, 2026
Auction End Date
Jun 10, 2026

Investment Highlights

  • Auction - June 8-10, 2026 | Staring Bid: $650,000
  • Two contiguous buildings with 10 apartments and 1 ground-floor retail unit in West New York
  • Fully occupied mixed-use asset in a dense Hudson County submarket within the New York metro
  • Diverse unit mix includes 1BR, 2BR, and 3BR apartments, supporting broad renter appeal
  • Corner location at 59th Street and Buchanan Place offers strong neighborhood visibility
  • In-place utility structure supports efficient operations and reduced landlord expense exposure
  • Urban infill setting near major regional employment centers supports durable rental demand

Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3144 119 59th St and 5808 Buchanan Place represent a mixed-use, corner and mid-block assemblage in West New York, Hudson County, consisting of (10) apartments and (1) ground floor retail unit. The property is fully occupied and includes a diverse unit mix of (3) one-bedroom units, (6) two-bedroom units, (1) one three-bedroom unit, and a convenience store. The asset is positioned in one of Hudson County’s most supply-constrained and commuter-oriented municipalities, directly within the Northern New Jersey portion of the New York metro. West New York benefits from dense residential demand, proximity to Manhattan, and regional connectivity through the surrounding Hudson County transportation network. This location continues to attract both local and regional renters seeking access to employment centers throughout Hudson County and New York City. Operationally, the property offers a stable, in-place income stream with utility reimbursement characteristics that support efficient ownership. Tenants cover cooking gas and in-unit electric at 119 59th Street, while the asset’s current occupancy, mixed-use composition, and established neighborhood location position it well for investors seeking durable urban infill housing with a complementary retail component.

Exclusively Listed By

Auction Advisors

  • Ian Grusd, CCIM, SIOR

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Ian

    License(s): NJ: 9233895

    New York City

Financing By

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