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7101 Park Ave, West New York, NJ, 07093

3beds
2baths
--sqft
$799,999
--price/sqft
$5,588/moest. monthly cost
$223,520/yrincome needed

About This Home

Great investment opportunity in a prime location! This mixed-use property features two residential units and a commercial space, offering strong income potential. The first apartment offers 2 bedrooms and 1 bathroom, currently rented for $1,500/month, while the second unit is a 1-bedroom, 1-bathroom also generating $1,500/month. Both residential units are on a month-to-month basis, providing flexibility for future adjustments. Just one block from Blvd East and the New York City skyline, this opportunity is in a prime location that can’t be beat. The ground-level commercial space is occupied by a supermarket with a 10-year lease currently in its 7th year, paying $3,000/month, ensuring stable, long-term income. As an added bonus the property also features 3 parking spaces in the rear of the building with additional income of $730 monthly being generated from these spaces. Conveniently located near shops, dining, and transportation, this property is ideal for investors seeking a well-positioned, income-producing asset with growth potential.

Getting Around

89
WalkingVery Walkable
69
TransitGood Transit
54
BikeBikeable

Schools

4/10

Construction

Materials

  • Construction materials: See Remarks

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: See Remarks

Property

Parking

  • Parking features: None