575 55th Street

West New York, NJ 07093

$1,199,000
Price
6
Beds
4
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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%
  1. Listed by ROSE MARIE GEORGIANNA • MID STATE REALTY

Property Details for 575 55th Street

Directions
Use GPS Make right on 55th from JFK Blvd
Days On Market
14

Location

Listing Courtesy of MID STATE REALTY, ROSE MARIE GEORGIANNA
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LISTING UPDATED: 04/02/2024 01:02 PM

Property Details for 575 55th Street

StatusActive
MLS #3891664
Days on Market40
Taxes$13,886 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built-
Lot Size0.06 AC / 2,613 SF
CountyHudson County

Location

Listing Courtesy of MID STATE REALTY, ROSE MARIE GEORGIANNA
Add your commute

Building Information for 575 55th Street

Stories-Residences4Year Built-Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$7,701 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,543

Property Taxes

$1,157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 575 55th Street

Summary
Location and General Information
  • Active Days on Market: 14
  • County #: Hudson
  • Town Name: West New York Town
  • Block Identifier: 114
  • Listing Type: Exclusive Right to Sell
  • Town #: 1812.0
  • Street # Display: 575.0
  • # Parking Spaces: 0
  • County Or Parish: Hudson
  • Street Name: 55Th St
  • Zip Code: 07093-5187
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $13,886
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 175000.0
  • Tax ID For Property: 1812-00114-0000-00005-0000-
  • Tax Rate Amount: $8
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 3
  • Garage Description: Detached Garage, Oversize Garage, See Remarks
Property
Lot Information
  • Lot Identifier: 5
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
Property and Assessments
  • Assessment Bldg: 120000.0
  • Assessment Land: 55000.0
Utilities
  • Cooling: Central Air
  • Water: Public Water
  • Heating: Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco
Interior Features
  • Interior Features: Fire Extinguisher, Security System, Smoke Detector
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
  • Unit 1 Baths: 2.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2900.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 1650.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 2230.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 830.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1700.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 620.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 0
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 4 Rent: 550.0
  • Unit 4 Room Description: See Remarks
  • Unit 4 Rooms: 1.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 450.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $19,420.00
  • Expenses Include: Insurance, Maintenance, Taxes
  • Net Operating Income: $69,140.00
  • Gross Operating Income: $88,560.00

Property History for 575 55th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 575 55th Street

Taxable ValueLand$55,000Additions$120,000Total$175,000
Tax Record2022$13,584 ($1,132 / month)
Home Facts
Total Finished SqFt2,800 SqFtAbove Grade Finished SqFt2,800 SqFtStories2Lot Size2,500 SqFtStyleMiscellaneous IndustrialCountyHUDSONAPN12 00114-0000-00005

Schools near 575 55th Street

This home is within West New York Board Of Education School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Number 3 Elementary School
PublicK to 6

West New York Middle School
Public7 to 8

Memorial High School
Public9 to 12

Number 5 Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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575 55th Street is a multi-family home for sale in West New York, NJ 07093. This property was listed for sale on March 19, 2024 by MID STATE REALTY, it's currently listed at $1,199,000. It has been on the market for a total of 40 days and was last sold on July 25, 2019. This listing's school district is West New York Board Of Education School District. Nearby schools include Number 3 Elementary School, West New York Middle School and Memorial High School. 575 55th Street is a 6-bed, 4.5-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MID STATE REALTY, ROSE MARIE GEORGIANNA

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/28/2024 08:01 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.