232 Stuyvesant Ave - Storefront Retail/Residential FOR SALE


Lyndhurst, NJ 07071
$1,100,000 USD
973-575-1200
232 Stuyvesant Ave, Lyndhurst, NJ for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 5.75% Cap Rate

232 Stuyvesant Ave
Lyndhurst, NJ 07071


HIGHLIGHTS

  • Prime Location: Unique income-producing property in the heart of Lyndhurst, steps away from the train station for easy commuting.
  • Fully Leased: The building features 2 storefronts and 3 apartments, all fully occupied with favorable rents and built-in 5.5% annual increases.
  • Strong Income: Generates a yearly income of $91,524 with yearly expenses of $23,026, offering solid returns.
  • Well-Maintained: Property has been well cared for, with newer roof, furnaces, and water heater, plus regular updates between tenants.
  • Tenant-Paid Utilities: Tenants are responsible for their own electric and gas, while the landlord covers heat and water.
  • Expansion Potential: Large property with ample parking in the rear and potential to expand up or out, pending buyer’s due diligence with Lyndhurst Tow

OVERVIEW

Unique income producing investment property in the heart of Lyndhurst! Steps away from train station for easy commuting! Fully leased building features 2 storefronts plus 3 apartments (Two 3 bedroom units (or 2 bedroom plus dining room) and a 1 bedroom unit), all fully occupied with favorable rents with 5.5% increases built in. Large piece of property with lots of parking in rear. Yearly income: $92,532 and Yearly Expenses: $29,285. "Bones" have been well maintained and units have in between tenants. Newer roof, furnaces, and water heater. Tenants pay own electric and gas, landlord pays heat and water. Potential to expand up or out in rear, buyer should do own due diligence with Lyndhurst Twp. Buyer responsible for obtaining C/O and any inspections needed for closing.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B

APN/PARCEL ID

32-00066-0000-00019,32-00066-0000-00020

ASK ABOUT THIS PROPERTY

Frank LaMorteLattimer RealtyMore Info
973-575-1200

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Frank LaMorteLattimer RealtyMore Info
973-575-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.