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$ 900,000
Est. payment /mo
New
536 51ST ST West New York, NJ 07093
7 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250009015
Full Baths 7
Annual Tax Amount $14,040
Lot Dimensions 25x118 AV
Property Sub-Type Investment
Property Description
536 51st Street — A Prime 7-Family Investment Between Bergenline & Kennedy in West New York. It presents a rare opportunity to acquire a fully occupied 7-family property in the heart of West New York, one of the most dynamic and rapidly appreciating municipalities in the New York metro area. Located between Bergenline Avenue and Kennedy Boulevard, this semi-detached building sits on an oversized 25' x 118' AV lot, offering both immediate cash flow and long-term development potential. The property currently generates $89,724 in annual rental income, yielding a 4.79% CAP rate with stable tenancy. With modest upgrades — estimated at $4,000 per unit — projected income increases to $106,524 annually, elevating returns to a 6.65% CAP rate. Positioned just steps from NJ Transit bus lines, 50th Street Park, and the bustling shops and eateries along Bergenline Avenue, 536 51st Street benefits from excellent transit access and neighborhood amenities. This is a strong, income-producing asset with clear value-add upside — an ideal opportunity to invest in the continued growth of West New York.
Location
State NJ
County Hudson
Area West New York
Listed by COMPASS NEW JERSEY, LLC