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575 55Th St

West New York Town, NJ 07093-5187

6 beds
4.5 baths
– sqft
2,614 sqft lot
– on site

This impressive 4-unit property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting four separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Studio $550. Annual expenses $19,300 Potential cap rate of 6%

Listing courtesy of GSMLS / ROSE MARIE GEORGIANNA, 732-251-8900 / MID STATE REALTY

Last checked: Checking… • Last updated Apr 2, 2024 •

MLS# 3891664 —

The Building

Unit Style:

2-Two Story, Fourplex
Roof Description:

Flat
Exterior Description:

Stucco
Basement:

Yes
Total # of Units:

4

Interior

Total # of Rooms:

12
Interior Features:

Fire Extinguisher, Security System, Smoke Detector
Basement Description:

Unfinished

Location

Directions:

Use GPS Make right on 55th from JFK Blvd
Latitude:

40.78675
Longitude:

-74.02137

The Property

Lot Identifier:

5
Approx Lot Size:

25 Sqft
Total Acres:

0 Sqft
Easements:

No
Assessment Land:

55000
Assess Amt Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID For Property:

1812-00114-0000-00005-0000-
Tax Year:

2023
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2023
Tax Rate Amount:

7.935
Tax Amount:

$13,886
Tax Amount:

$*
Lot ID Tax:

*
Lot Size Tax:

*
Acres Tax:

$*
Block ID Tax:

*
City Tax:

$*
County Tax:

$*
Zip Code Tax:

*

Beds

# of Bedrooms:

6
Unit 1 Bedrooms:

3
Unit 3 Bedrooms:

1
Unit 2 Bedrooms:

2

Baths

Total # of Baths:

4.10
Total # of Full Baths:

4
Total # of Half Baths:

1
Unit 1 Baths:

2.0
Unit 2 Baths:

1.0
Unit 3 Baths:

1.0
Unit 4 Baths:

1.0

Heating & Cooling

Cooling:

Central Air
Heating:

Forced Hot Air

Utilities

Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Sewer

The Community

Assessment Total:

175000
Assessment Total Tax:

*
Assessment Bldg:

120000
Assess Amt Bldg Tax:

*

Parking

# of Garage Spaces:

3
Garage Description:

Detached Garage, Oversize Garage, See Remarks
Parking/Driveway Description:

On-Street Parking

Extra Units

Unit 1 SqFt:

1650
Unit 2 SqFt:

830
Unit 3 SqFt:

620
Unit 4 SqFt:

450
Unit 1 Levels:

1
Unit 2 Levels:

2
Unit 3 Levels:

2
Unit 4 Levels:

1
Unit 1 Rooms:

5
Unit 2 Rooms:

4
Unit 3 Rooms:

3
Unit 4 Rooms:

1
Unit 1 Handicap Modified:

No
Unit 2 Handicap Modified:

No
Unit 3 Handicap Modified:

No
Unit 4 Handicap Modified:

No
Unit 1 Room Description:

Bedrooms, Kitchen, Living Room, Master Bedroom
Unit 2 Room Description:

Bedrooms, Kitchen, Living Room
Unit 3 Room Description:

Bedrooms, Kitchen, Living Room
Unit 4 Room Description:

See Remarks
Unit 1 Appliances/Equipment:

Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Unit 2 Appliances/Equipment:

Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 4 Appliances/Equipment:

Carbon Monoxide Detector, Smoke Detector

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Sale history

Date	Event	Source	Price	% Change
4/2/24 Apr 2, 2024	Price Changed	GSMLS	$1,199,000	-7.8%
3/25/24 Mar 25, 2024	Price Changed	GSMLS	$1,299,999	-13.3%
3/21/24 Mar 21, 2024	Listed / Active	GSMLS	$1,500,000

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This multifamily located in West New York, NJ 07093-5187 is currently for sale for $1,199,000. 575 55Th St is a – square foot multifamily with 6 beds and 4.5 baths that has been on Estately for 38 days. This multifamily is in the attendance area of Memorial High School.

Listing courtesy of GSMLS / ROSE MARIE GEORGIANNA, 732-251-8900 / MID STATE REALTY

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.