Commercial space For Sale in West New York, NJ
MLS# : 250018080
PROPERTY DETAILS
PROPERTY DESCRIPTION
Mixed use building with full lot coverage on 50 x 95 land. First floor masonry warehouse of 4,600 sq ft made of 3,750 sq ft of open space, minimal columns, and 11' ceiling; plus 850 sq ft office space with three bathrooms and kitchenette. The warehouse offers a 9'8'' wide by 8' high drive in bay with a motorized garage door and security gate, plus a 46' no parking loading zone Monday-Friday 8-6 in front of the building. Second floor apartment with great natural light with windows on three sides. Eat in kitchen with wood cabinetry, dark granite countertops, and stainless steel gas range, refrigerator, and microwave. Bathroom with travertine tiled shower and granite sink vanity. Two good sized bedrooms, currently being used as three bedroom with combo kitchen living room. Dark hardwood floors thru the apartment. Both units are currently rented for good cash flow and investment at 5.83% CAP rate, see enclosed financials.
Amenities
This listing is a courtesy of COMPASS NEW JERSEY, LLC
201-627-4947 office, listing agent ADAM BICKOFF
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): | $595,789 |
| Homes Sold* (12mo): | 6 |
SINGLE FAMILY HOME SALES
West New York, NJ
PRICE INDEX
| Average Price* (12mo): | $555,191 |
| Apatments Sold* (12mo): | 125 |
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)
