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6110-6112 Park AveWest New York, NJ 07093
6110-6112 Park Ave
Asset ClassMultifamily
# Units18
18 Units | 15/18 Free Market Condos | 33% Upside | West New York, NJ
overview of deal

Overview

Matthews™ is pleased to exclusively present for sale 6110–6112 Park Ave, a 18-unit multifamily investment opportunity located in the heart of West New York, New Jersey. Comprised of two brick condo buildings, the property offers a compelling value-add opportunity with a projected 6.38% cap rate and approximately 33% upside through continued rent growth and operational efficiencies. The asset features a highly desirable

unit mix of all two-bedroom apartments, with 15 of the 18 units operating as free market, providing strong in-place cash flow with meaningful long-term upside. The buildings are fully separately metered, with tenants responsible for cooking gas and electricity, while ownership covers heat, hot water, water/sewer, and common area electric, supporting predictable expense management.

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Investment Highlights

Value-Add Opportunity

  • 18 Units
  • 2 Condo Buildings
  • 15/18 Units are Free Market
  • 6.38% Cap Rate
  • 33% Upside

Building Highlights

  • 15/18 Free Market
  • All Two-Bedroom Units
  • Brick Building
  • All separately metered
  • Tenants pay for cooking gas and electric
  • Landlord pays for heat, hot water, water/sewer, and common area electric
  • Prime Location in West New York

Convenient Transportation

  • The building is approximately a 3-minute walk to 60th St at Park Ave bus stop which provides a total 16 minute trip to Manhattan via the PATH Train.
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6110-6112 Park AveWest New York, NJ 07093

Listing Team

David FerberVice President & Director, Multifamily

License #: 01469842 (NJ)

(201) 218-9156david.ferber@matthews.com
Kendra AntoineSales Analyst

License #: 2440903 (NJ)

(845) 642-3370kendra.antoine@matthews.com
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