5+ Mixed Use For Sale in Little Ferry, NJ
MLS# : 24019794
PROPERTY DETAILS
PROPERTY DESCRIPTION
Great income producing investment opportunity for this standalone commercial mix use property located on a busy street in Little Ferry NJ. Lot size is approximately 51x71 with 5+ Parking spots including a secluded fenced off backyard lot. Top level features a 3 Bed 1 Bath spacious layout. Ground level entirety is currently being occupied by a successful hair salon business. Previously the ground level contained a 1 bed 1 bath residential + Retail space. Can be reverted back to 3 bed 1 bath on 2nd floor and 1 bed 1 bath / + Retail space on Ground floor. Property will be delivered vacant. Potential rent roll for 3 bed 1 bath $2,200 + $3000 Retail Space (1,120 sq ft) + Additional 800 sq ft terrace. Net Operating Income: $51,200 /$750,000 = Cap Rate 6.82% Seller currently has mortgage at 3% which is assumable and transferable to potential buyer. Come see this income producing property today!
Amenities
This listing is a courtesy of Proper Estates, Inc.
(201) 242-9000 office, listing agent Brian S. Kim
About Little Ferry, NJ Real Estate Market
Based on the results of a referendum, the foundation of Little Ferry as a borough was laid in 1894 under an act of the New Jersey Legislature. It is one of those 26 boroughs formed during the Boroughitis phenomenon in 1894. For the formation of Little Ferry as a borough, portions of Lodi Township and New Barbadoes Township joined together.
In the colonial era, the town of Little Ferry served as a site of a ferry operating between the towns of Bergen and Hackensack across the Hudson River. This process kept on continuing till 1826 when the construction of the bridge happened on the Bergen Turnpike. Most of the residents of Little Ferry rent their New Jersey homes, which offer an urban-suburban mix feel.
| Population: | 10,626 |
| Total Housing Units: | 4,439 |
| Single Family Homes: | 2,239 |
| General Tax Rate (2023): | 2.746% |
| Effective Tax Rate (2023): | 2.328% |
| Compare To Other Towns |
Little Ferry Market Indicators
PRICE INDEX
| Average Price* (12mo): | $500,084 |
| Homes Sold* (12mo): | 29 |
SINGLE FAMILY HOME SALES
Little Ferry, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.746% |
| Effective Tax Rate (2023): | 2.328% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
