Commercial space For Sale in West New York, NJ
MLS# : 250023358
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime 10-Unit Investment Opportunity in Hudson County Discover a rare multifamily asset in one of West New York’s strongest and most consistently in-demand rental corridors. 123 63rd Street is a 10-unit building offering stability, income potential, and long-term upside in a location that continues to see sustained growth and tenant demand. The property features a well-balanced mix of apartments, all within a structure that has been thoughtfully maintained and cared for over the years. With strong cash flow, efficient operating expenses, and solid tenancy, this building presents an appealing opportunity for both new and seasoned investors looking for a high-performing addition to their portfolio. Positioned near major transportation options, including NJ Transit bus service, ferry connections, and fast access to major highways, the location provides seamless connectivity to Manhattan, Hoboken, and the broader Hudson County market. Residents benefit from proximity to shopping, dining, and neighborhood amenities that make this area one of the most desirable rental pockets in Northern New Jersey. With its combination of location, scale, and return potential, 123 63rd Street represents a compelling investment with room for future growth. Inquire for full financials, rent roll, and detailed offering information.
Amenities
This listing is a courtesy of PRESTIGE PROPERTY GROUP MONTCLAIR LLC
973-860-7595 office, listing agent JOSEPH AZIZ
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): | $629,766 |
| Homes Sold* (12mo): | 5 |
SINGLE FAMILY HOME SALES
West New York, NJ
PRICE INDEX
| Average Price* (12mo): | $581,632 |
| Apatments Sold* (12mo): | 103 |
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)
