333 61st Street

$3,250,000

Key Information

Cap Rate

6.83%

GRM

Tot. SF

10,500

$ per unit

$232,143

Units

Type

Apartments

NOI

$221,979

Highlights

Value-Add Opportunity

• 14 Units
• Condo Building
• 100% Free Market
• 6.83% Cap Rate
• 21% Upside

Building Highlights

• 100% Free Market
• All Two-Bedroom Units
• Renovated Units
• Brick Building
• Separately Metered
• Tenants pay for cooking gas, heat, and electric
• Landlord pays for hot water and water/sewer
• Prime Location in West New York

Convenient Transportation

• The building is approximately a 4-minute walk to 60th St at Hudson Ave bus stop which provides a total 20-minute trip to Manhattan via the PATH Train.