59-61 Wilson Ave
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59-61 Wilson Ave
6 Unit Apartment Building $3,098,538 CAD ($516,423 CAD/Unit) 6.75% Cap Rate Newark, NJ 07105
Executive Summary
Great Location! 5 apartments and 2 stores plus a bonus 1 bedroom/studio. All tenants are on 12 month Leases. Great tenants, good condition.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$264,492
|
$43.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$264,492
|
$43.32
|
| Taxes |
$32,168
|
$5.27
|
| Operating Expenses |
$23,226
|
$3.80
|
| Total Expenses |
$55,394
|
$9.07
|
| Net Operating Income |
$209,098
|
$34.25
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $264,492 |
| Annual Per SF | $43.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $264,492 |
| Annual Per SF | $43.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,168 |
| Annual Per SF | $5.27 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,226 |
| Annual Per SF | $3.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $55,394 |
| Annual Per SF | $9.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $209,098 |
| Annual Per SF | $34.25 |
Property Facts
| Price | $3,098,538 CAD | Building Class | C |
| Price Per Unit | $516,423 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 6,105 SF |
| Cap Rate | 6.75% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,098,538 CAD |
| Price Per Unit | $516,423 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,105 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2015 |
| Parking Ratio | 0.98/1,000 SF |
Unit Amenities
- Balcony
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
| 3+1 | 1 | - | - |
| Studios | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 14-02031-0000-00015 | Total Assessment | $806,985 CAD (2024) |
| Land Assessment | $533,250 CAD (2024) | Annual Taxes | $32,168 CAD ($5.27 CAD/SF) |
| Improvements Assessment | $273,735 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
14-02031-0000-00015
Land Assessment
$533,250 CAD (2024)
Improvements Assessment
$273,735 CAD (2024)
Total Assessment
$806,985 CAD (2024)
Annual Taxes
$32,168 CAD ($5.27 CAD/SF)
Tax Year
2022
zoning
| Zoning Code | C2 (community commercial) |
| C2 (community commercial) |
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59-61 Wilson Ave
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