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563 59th Street, West New York, NJ. 07093 563 59th St 10 Unit Apartment Building £822,833 (£82,283/Unit) 6.31% Net Initial Yield West New York, NJ 07093

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INVESTMENT HIGHLIGHTS

25'x100' lot size, Two separate buildings, renovated units.

EXECUTIVE SUMMARY

CALLING ALL INVESTORS!! FOUR FAMILY WITH HIGH INCOME located right off Bergenline Ave in West NY. ***UNIT #2 is now vacant*** The property consists of (1) 3-bedroom duplex, (2) 2-bedroom apts, and (1) 2-bedroom private back building with courtyard. All apartments have large spacious layouts. Extra-large lot coverage (25'x100). Well maintained and renovated with tons of upside potential in the rents. True "value add" or condo conversion opportunity. Please call/text listing agent for income/expenses & to schedule a private viewing. This property may qualify for Fannie Mae's low down payment loan program (consult your lender).
Virtual tour: https://my.matterport.com/show/?m=svhur5tyrCx

LPF

Income & Expenses

Disclosure

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER sq ft
Gross Rental Income	£70,913	£30.70
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£70,913	£30.70
Taxes	£9,000	£3.90
Operating Expenses	£10,000	£4.33
Total Expenses	£19,000	£8.23
Net Operating Income	£51,913	£22.47

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	£70,913
Annual Per sq ft	£30.70

Other Income
Annual	-
Annual Per sq ft	-

Vacancy Loss
Annual	-
Annual Per sq ft	-

Effective Gross Income
Annual	£70,913
Annual Per sq ft	£30.70

Taxes
Annual	£9,000
Annual Per sq ft	£3.90

Operating Expenses
Annual	£10,000
Annual Per sq ft	£4.33

Total Expenses
Annual	£19,000
Annual Per sq ft	£8.23

Net Operating Income
Annual	£51,913
Annual Per sq ft	£22.47

PROPERTY FACTS

Price	£822,833	Costar Property Class	C
Price Per Unit	£82,283	Total Plot Size	0.06 ac
Sale Type	Investment	Property Size	2,310 sq ft
Yield	6.31%	Average Occupancy	75%
No. Units	10	No. Floors	3
Property Type	Build-to-Rent	Year Built	1919
Property Subtype	Apartment General Retail Shopfront Retail / Residential Build-to-Rent Manufactured Housing Mobile Home Park BTR - Shared Accommodation	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Use Class	R-M

Price	£822,833
Price Per Unit	£82,283
Sale Type	Investment
Yield	6.31%
No. Units	10
Property Type	Build-to-Rent
Property Subtype	Apartment General Retail Shopfront Retail / Residential Build-to-Rent Manufactured Housing Mobile Home Park BTR - Shared Accommodation
Apartment Style	Low-Rise
Costar Property Class	C
Total Plot Size	0.06 ac
Property Size	2,310 sq ft
Average Occupancy	75%
No. Floors	3
Year Built	1919
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class	R-M

UNIT AMENITIES

Cable Ready
Eat-in Kitchen
Kitchen

Wooden Floors
Refrigerator
Range

Tub/Shower
Yard
Basement

Dining Room
Double Pane Windows

SITE AMENITIES

24 Hour Access
Controlled Access

Tenant Controlled HVAC

Walk-Up

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT PCM	sq ft
3+2	1	£1,720	-
2+1	2	£1,608	-
2+1	3	£1,459	-
2+1	4	£1,122	-

PROPERTY TAXES

Parcel Number	12-00126-0000-00010	Total Assessment	£112,205
Land Assessment	£36,653	Annual Taxes	£9,000 (£3.90/sq ft)
Improvements Assessment	£75,551	Tax Year	2025