5309 Hudson Avenue presents the opportunity to acquire a well-maintained 16-unit multifamily property in West New York, New Jersey, offering attractive in-place cash flow, a substantially renovated unit mix, and additional upside through future rent growth.

The property currently generates approximately $225,600 in net operating income, representing a 6.73% in-place capitalization rate at the $3.35 million asking price. 11 of the property’s 16 apartments have been gut renovated, providing investors with a largely upgraded physical asset and limited near-term capital requirements.

Current rents average approximately $1,760 per month, compared with estimated market rents of $1,987 and average registered legal rents of $2,129. This differential provides an opportunity to increase rental income over time through permitted annual increases and natural tenant turnover, while the higher registered rents provide unique and valuable insulation within West New York’s rent-regulated environment.

With strong existing cash flow, a predominantly renovated unit mix, and identifiable rental upside, 5309 Hudson Avenue offers investors an attractive combination of current yield and long-term NOI growth potential in one of the strongest workforce rental sub-markets in Northern New Jersey with immediate proximity to New York City.