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119 59TH ST & 5808 Buchanan Place
West New York, NJ

Price Upon Request

Multifamily For Sale  •  9,060 SF

2 Properties View all

Property Details

  • Property Type Multifamily
80 Transit Score
100 Walk Score

Highlights

Two Contiguous Buildings Ideally Located in a Quiet Section of West New York with 10 Apartments and 1 Ground Floor Retail Unit.
Fully Occupied – 100% leased. 11 Total Units: 10 Apartments + 1 Ground Floor Retail Space. Diverse Unit Mix: (3) 1BR/1BA, (6) 2BR/1BA, (1) 3BR/1BA.
Favorable Expense Structure: Tenants pay cooking gas & electric; landlord covers heat, water & common area electric.
Significant Upside Potential: Rents 25% below market – (NOI) can increase 34%.
Value-Add Opportunity: West New York permits $50 rent increase for every $1,000 spent on renovations of voluntarily vacated units.

Public Transportation

Commuter RailDriveWalkDistance
New York Penn Station (Njt) (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Montclair-Boonton Line - Long Island Rail Road, Morris & Essex Gladstone Branch - Long Island Rail Road, Morris & Essex Morristown Line - Long Island Rail Road, North Jersey Coast Line - Long Island Rail Road, Northeast Corridor Line - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 12 min - 4.7 mi
Ny Moynihan Train Hall At Penn Station (Crescent - Amtrak, Ethan Allen Express - Amtrak, Keystone Service - Amtrak, Lake Shore Limited - Amtrak, Northeast Regional - Amtrak) 13 min - 5.0 mi
Transit/SubwayDriveWalkDistance
Port Imperial (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 3 min 16 min 0.8 mi
Bergenline Avenue (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 3 min 16 min 0.9 mi
AirportDriveWalkDistance
Newark Liberty International 16 min - 12.4 mi
LaGuardia 29 min - 13.5 mi
John F Kennedy International 37 min - 21.5 mi
Kevin Taub 201-742-6132 Marcus & Millichap
Kevin Taub 201-742-6132 Marcus & Millichap