12-56 River Rd - Apartments FOR SALE


Fair Lawn, NJ 07410
$4,550,000 USD
201-917-5884
12-56 River Rd, Fair Lawn, NJ for Sale
$4,550,000 USD
Apartments - FOR SALE
1/39
null | 6.71% Cap Rate

12-56 River Rd
Fair Lawn, NJ 07410


HIGHLIGHTS

  • Heavy Retail Foot Traffic
  • Easy Escalation in Rents Year-over-year
  • (14) Units of Income Producing Opportunity
  • (10) Residential Units; (4) Commercial
  • Increased Rents now show a 6.32% Cap Rate
  • 25 Parking Spaces

OVERVIEW

The Elia Realty Group (ERG) powered by KW Commercial, are proud to present an exciting new investment sale opportunity in Fair Lawn, NJ. Located just miles from NYC, this mixed-use retail / residential investment is prime for a savvy or novice investor. The property consists of 14 total units, with a breakdown of 4 retail storefront spaces and 10 residential apartments. The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

14

PRICE/UNIT

$325,000

CAP RATE

6.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Unit Mixed-use | Elevator | 25 Spaces

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,477 SF

ZONING

B-4

APN/PARCEL ID

17-05613-0000-00010

ASK ABOUT THIS PROPERTY

Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

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Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

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