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354-358 E 24 St

6 Unit Block of Flats £954,347 (£159,058/Unit) 6.60% Net Initial Yield Paterson, NJ 07514

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Investment Highlights

6 four-bedroom units, each with separate utilities and dedicated parking

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£94,965	£7.65
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£94,965	£7.65
Taxes	£22,250	£1.79
Operating Expenses	£9,672	£0.78
Total Expenses	£31,922	£2.57
Net Operating Income	£63,043	£5.08

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£94,965
Annual Per SF	£7.65

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£94,965
Annual Per SF	£7.65

Taxes
Annual	£22,250
Annual Per SF	£1.79

Operating Expenses
Annual	£9,672
Annual Per SF	£0.78

Total Expenses
Annual	£31,922
Annual Per SF	£2.57

Net Operating Income
Annual	£63,043
Annual Per SF	£5.08

Property Facts

Price	£954,347	Building Class	C
Price Per Unit	£159,058	Lot Size	0.34 AC
Sale Type	Investment	Building Size	12,408 SF
Net Initial Yield	6.60%	Average Occupancy	100%
No. Units	6	Number of Floors	3
Property Type	Residential	Year Built	1975
Property Subtype	Apartment	Parking Ratio	0.64/1,000 SF
Apartment Style	Low Rise

Price	£954,347
Price Per Unit	£159,058
Sale Type	Investment
Net Initial Yield	6.60%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.34 AC
Building Size	12,408 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1975
Parking Ratio	0.64/1,000 SF

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	4	-	-
2+1	2	-	-

1 of 1

Walk Score ®

Very Walkable (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	08-02712-0000-00017	Total Assessment	£498,250 (2024)
Land Assessment	£55,724 (2024)	Annual Taxes	£22,250 (£1.79/sf)
Improvements Assessment	£442,526 (2024)	Tax Year	2023