14 Unit Mixed-use | Elevator | 25 Spaces | 12-56 River Rd
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14 Unit Mixed-use | Elevator | 25 Spaces 12-56 River Rd
14 Unit Block of Flats £3,569,065 (£254,933/Unit) 6.71% Net Initial Yield Fair Lawn, NJ 07410
Investment Highlights
- Heavy Retail Foot Traffic
- (14) Units of Income Producing Opportunity
- Increased Rents now show a 6.32% Cap Rate
- Easy Escalation in Rents Year-over-year
- (10) Residential Units; (4) Commercial
- 25 Parking Spaces
Executive Summary
The Elia Realty Group (ERG) powered by KW Commercial, are proud to present an exciting new investment sale opportunity in Fair Lawn, NJ. Located just miles from NYC, this mixed-use retail / residential investment is prime for a savvy or novice investor. The property consists of 14 total units, with a breakdown of 4 retail storefront spaces and 10 residential apartments. The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Crown Moulding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Wooden Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Den
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- On-Site Retail
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | £1,500 | 700 - 875 |
| 1+1.5 | 2 | £1,608 | 700 - 875 |
| 2+1.5 | 6 | £1,883 | 800 - 985 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 17-05613-0000-00010 | Total Assessment | £1,586,783 (2024) |
| Land Assessment | £582,424 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,004,359 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17-05613-0000-00010
Land Assessment
£582,424 (2024)
Improvements Assessment
£1,004,359 (2024)
Total Assessment
£1,586,783 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | B-4 |
| B-4 |
-
Bruce Elia -
Elvis Durakovic -
KW Commercial Fort Lee
(201) 917-5884
x701
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14 Unit Mixed-use | Elevator | 25 Spaces | 12-56 River Rd
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