Commercial space For Sale in West New York, NJ
MLS# : 250009015
PROPERTY DETAILS
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.
Amenities
This listing is a courtesy of COMPASS NEW JERSEY, LLC
201-627-4947 office, listing agent RICHARD TRUOCCHIO
About West New York, NJ Real Estate Market
The formation of West New York as a town happened by an act of the New Jersey Legislature in 1898 when it replaced Union Township based on the results of a referendum. Thanks to the massive development in the town due to emerging textile industries, West New York became one of the most desirable places in New Jersey. This development also led to the establishment of high-rise apartments along Boulevard East and then in other parts of the town, which still are an integral part of Hudson County real estate.
Located in the heart of the North Hudson, West New York belongs to the New York metropolitan area and shares its border with North Bergen, Guttenberg, Union City, Weehawken and New York City boroughs. Bergenline Avenue in West New York is one of the busiest commercial places in the town.
| Population: | 62,566 |
| Total Housing Units: | 23,316 |
| Single Family Homes: | 5,329 |
| Apartments: | 17,987 |
| General Tax Rate (2023): | 7.934% |
| Effective Tax Rate (2023): | 1.810% |
| Compare To Other Towns |
West New York Market Indicators
PRICE INDEX
| Average Price* (12mo): | $740,857 |
| Homes Sold* (12mo): | 7 |
SINGLE FAMILY HOME SALES
West New York, NJ
PRICE INDEX
| Average Price* (12mo): | $533,200 |
| Apatments Sold* (12mo): | 129 |
APARTMENT SALES
West New York, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.934% |
| Effective Tax Rate (2023): | 1.810% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
