37 47th St - Dormitory FOR SALE


Weehawken, NJ 07086
$1,599,000 USD
646-334-0559
37 47th St, Weehawken, NJ for Sale
$1,599,000 USD
Dormitory - FOR SALE
1/35
null | 6.51% Cap Rate

37 47th St
Weehawken, NJ 07086


HIGHLIGHTS

  • 2 Bedroom | 1 Bathroom, 6 Bedroom Duplex | 2 Bathroom | Bonus Guest Studio
  • Updated Kitchen | Washer & Dryers
  • 3+ Car Parking | detached Garage for additional and/or storage
  • Private Backyard | Front & Rear Balconies

OVERVIEW

Exceptional Investment Opportunity... located in the heart of the highly desired Weehawken Township, this 3-story 2-family home is a rare find. The property features two spacious units. The first unit comprises 2 bedrooms with access to a private backyard, perfect for outdoor enjoyment. The second unit is a duplex with 6 bedrooms, 2 bathrooms, and 2 living rooms, 2 Kitchen. Both units boast front and rear balconies, ideal for outdoor lounging and relaxation. Additional amenities include Washer & Dryer in each unit, a finished basement Studio unit with 1 bathroom and Kitchen, providing extra space for guests. The property offers ample parking for 3+ cars and a rear detached garage that can be utilized for storage and/or additional parking.This home stands out as one of the best and largest properties on the block. The investment potential is significant, with a projected cap rate of over 7%. Furthermore, there is the option to convert the property into a 3-family residence, as each unit already has separate utilities in place. Act quickly as this opportunity won't last long. Reach out today to secure this promising investment in Weehawken Township! Contact us for more details and to schedule a property tour!

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$540 USD /SF

# OF UNITS

2

PRICE/UNIT

$799,500

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Property - Weehawken

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Residential

APN/PARCEL ID

11-00060-0000-00044

ASK ABOUT THIS PROPERTY

Francesco MazzaferroTeam-Francesco Commercial LLCMore Info
646-334-0559

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Francesco MazzaferroTeam-Francesco Commercial LLCMore Info
646-334-0559

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