Commercial space For Sale in West New York, NJ
MLS# : 240014818
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investor's Dream Investment Opportunity! Take advantage of this incredible 5-family property in West New York! This income-producing gem is one of a kind, offering 5 units: 2 two-bedroom units and 3 three-bedroom units, along with a total of 6 full baths, a 2-car parking garage, and a driveway for more cars. This property provides excellent rental income potential, plus it's also ideally located just off Bergenline Avenue. You'll have access to numerous local and NJ/NY transportation options, an abundance of shops and restaurants, and it's just blocks away from the Woodcliff area of North Bergen & Blvd East! This opportunity is here, and it could be yours!
Amenities
This listing is a courtesy of CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP
201-547-1500 office, listing agent INGRID MORALES
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): | $700,082 |
| Homes Sold* (12mo): | 5 |
SINGLE FAMILY HOME SALES
West New York, NJ
PRICE INDEX
| Average Price* (12mo): | $535,249 |
| Apatments Sold* (12mo): | 130 |
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)
