deal image
108 60th St, West New York, NJ 303 58th St, West New York, NJ 409 59th St, West New York, NJ 508 67th St, West New York, NJ 5608 Palisade Ave, West New York, NJ
Golden Apple Portfolio West New York, NJ
Asset ClassMultifamily, Mixed Use
42% NOI Upside | NYC in 20 Minutes | Landlord Friendly Rent Control
overview of deal

Overview

ICON Real Estate Advisors is pleased to exclusively present the Golden Apple Portfolio, a multifamily and mixed-use offering comprising 111 residential units and 3 retail units totaling 79,850 square feet.

 

The offering presents an at least 42% NOI upside opportunity in a landlord friendly municipality where there is a mechanism for raising rents to market on vacancy.

 

Spread across seven properties in West New York, New Jersey, the properties are available as a single portfolio, or as individual properties.

 

Featuring a balanced mix of studio, one, and two-bedroom residences, and currently below market rent, the Portfolio offers a compelling opportunity for investors seeking near term mark to market upside, stable in-place cash flow and long-term growth in one of the most desirable urban rental markets along the Hudson River Waterfront.

 

Strategically located throughout West New York, the Portfolio provides residents with convenient access to vibrant commercial corridors, major employers, schools, and popular local attractions in both NJ and New York City. The area benefits from excellent transit connectivity, including multiple NJ Transit bus lines, the Hudson-Bergen Light Rail, and under a 20-minute bus ride to Manhattan. Major roadways, such as Route 1, Route 9, and NJ-495, offer efficient regional access.

 

Tours are now being scheduled. Please inquire.

Access the Data Room

Investment Highlights

42% NOI Upside Through Mark-to-Market

In-place average rents of $1,564 trail estimated market rents of ~$2,000, creating a clear and achievable path to outsized NOI growth through vacancy turnover and light renovations.

 

Landlord-Friendly Rent Control

West New York’s Vacancy Capital Improvement Program allows $50/month rent increases for every $1,000 invested in renovating a vacant unit—offering a transparent, compliant, and repeatable value-add strategy.

 

Immediate Proximity to Manhattan

Minutes from Midtown via Lincoln Tunnel and NJ Transit, the portfolio benefits from New York City wage earners at New Jersey rents, supporting long-term demand, rent resilience, and liquidity.

deal gallery image
108 60th StWest New York, NJ 07093
deal image

Inquire

Listing provided by LightBox Revere