333 61st Street

$3,250,000

Key Information

Cap Rate

6.68%

Tot. SF

10,500

Units

Type

Apartments

Highlights

Value-Add Opportunity

• 14 Units
• Condo Building
• 100% Free Market
• 6.68% 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 9-minute walk to Blvd East at 60th St bus stop which provides a total 23-minute trip to Manhattan via the PATH Train.