493 Stuyvesant Avenue, Irvington, New Jersey 07111

New Jersey, Irvington, New Jersey 07111

$1,200,000   $1,050,000  

Listing ID Number

19318

Property Description

This property is a quiet 19 unit apartment building in the township of Irvington, NJ. The property consists of all 1 bedroom apartments.

Overview

Building Type:Apartment Buildings
Location:Stuyvesant Avenue ner Clinton Ave.
Block/Lot:17/69
Stories:4
Units:19
Residential Units:19
Zoning:R-4 Garden Apartments

Expenses

Real Estate Taxes:$23,000
Total Annual Expenses:$85,366

Investment Information

Gross Annual Income:$177,264
Less Total Expenses:$85,366
Net Operating Income:$91,898

Summary

Price Per Sq Ft:$38
Capitalization Rate:8.70%
Gross Rent Multiple:5.90

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Geoffrey Bailey
First Vice President of Sales
(201) 426-2200 x 2211
gbailey@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.