Mixed use two units with commercial space. Mega Blockbuster 10 year Lease (5 + 5) recently signed for the fully renovated commercial space paying $2500/month + 3.5% annual rent increases. Store also pays 33% of entire building's water and utilities + 33% of Real Estate Tax increases. Apt 2: $1900/month. Apt 1: $900/month (HUGE VALUE ADD OPPORTUNITY). This is the ultimate in Location! Location!!. Top-notch location in a fast growing real estate market. One short block away from the popular Boulevard East with stunning unobstructed New York City views. Just buy, hold, and build tremendous equity while collecting magnificent rents! Store and Apt 2 completely renovated. Located directly across the street from both the massive West New York municipal parking lot & the 2500 student & faculty Memorial High School which allows for incredible ease of renting the apartments & commercial space for top $$$.
Off market
$997,400
5408 Park Ave, West New York, NJ 07093
5beds
2,700sqft
MultiFamily
Built in 1940
-- sqft lot
$997,400 Zestimate®
$369/sqft
$4,882 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Baseboard, Gas
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Hardwood
Interior area
- Total interior livable area: 2,700 sqft
Property
Parking
- Parking features: None
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1940
Community & neighborhood
Location
- Region: West New York
Other
Other facts
- Heating and Cooling \ heating_desc \ Natural Gas
- Heating: Gas
- Location \ neighborhoods \ West New York
- MLS Listing ID: 202028310
- MLS Name: Keller Williams (Keller Williams)
- Other Building Features \ roof_types \ Unknown
- Other Interior Features \ fireplaces \ 0
- Other Rooms \ dining_rooms \ 0
- Other Rooms \ living_rooms \ 0
- Type and Style \ architectural_style \ Other
- architectural_style \ Other
- dining_rooms \ 0
- fireplaces \ 0
- living_rooms \ 0
- neighborhoods \ West New York
- roof_types \ Unknown
Services availability
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Estimated market value
$997,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$997,400