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Multifamily

West New York Portfolio

160 59th St, West New York, NJ 07093

Listing Price: $11,100,000

Cap Rate
5.00%
Number of Units
66
Price/Unit
$168,182
Price/Gross SF
$263.50
Gross SF
42,125

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale three multifamily properties in West New York, New Jersey. The rare portfolio encompass 66 units with a mix of one, two and three bedrooms. The buildings are currently 98% occupied with 47% upside achievable through renovations. The properties are in walking distance from shopping, entertainment, dining and transportation, as well as the bus, rail and ferry to Manhattan, Jersey City and Hoboken. Additionally, the properties have easy access to I-495, I-95, Route 1&9 , I-78 and more. West New York is home to Bergenline Avenue, which is the longest commercial avenue in New Jersey, boasting over 300 retail stores and restaurants. The Avenue connects West New York with the neighboring communities of Union City, Guttenberg and North Bergen. As a primary route running along the top of the Hudson Palisades, many segments offer scenic views of the Hudson River and the New York skyline. West New York is one of the most densely populated city in the country.

Investment Highlights

  • The properties are located approximately 10 min walk from the Bergenline Avenue Light Rail Station
  • The portfolio has 47% upside
  • Easy access to I-495, Route 1&9, I-95 and more

Exclusively Listed By

Multifamily

West New York Portfolio

Listing Price: $11,100,000

Cap Rate
5.00%
Number of Units
66
Price/Unit
$168,182
Price/Gross SF
$263.50
Gross SF
42,125

Investment Highlights

  • The properties are located approximately 10 min walk from the Bergenline Avenue Light Rail Station
  • The portfolio has 47% upside
  • Easy access to I-495, Route 1&9, I-95 and more

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale three multifamily properties in West New York, New Jersey. The rare portfolio encompass 66 units with a mix of one, two and three bedrooms. The buildings are currently 98% occupied with 47% upside achievable through renovations. The properties are in walking distance from shopping, entertainment, dining and transportation, as well as the bus, rail and ferry to Manhattan, Jersey City and Hoboken. Additionally, the properties have easy access to I-495, I-95, Route 1&9 , I-78 and more. West New York is home to Bergenline Avenue, which is the longest commercial avenue in New Jersey, boasting over 300 retail stores and restaurants. The Avenue connects West New York with the neighboring communities of Union City, Guttenberg and North Bergen. As a primary route running along the top of the Hudson Palisades, many segments offer scenic views of the Hudson River and the New York skyline. West New York is one of the most densely populated city in the country.

Exclusively Listed By

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