Cash-Flowing Multifamily Asset Near Manhattan | 6124 Jackson St
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Cash-Flowing Multifamily Asset Near Manhattan 6124 Jackson St
6 Apartment Units Online Auction Sale West New York, NJ 07093
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Investment Highlights
- Fully leased 2,757-square-foot six-residential unit brick building in the high-demand North Hudson County submarket.
- Value-Add opportunity for rent growth and modernization in a renter-dominated market with one of the nation’s lowest vacancy rates.
- Nearby national retailers include CVS, Dunkin, McDonald’s, and Chick-Fil-A, complemented by local eateries and shops, making it a desirable location.
- Located in West New York, New Jersey, near Kennedy Boulevard, Bergenline Avenue, and key transit routes like Interstates 495 and 95.
- Located across from NYC in a dense and high-income area, the property benefits from a strong multifamily market and increasing retail leasing activity
- Conveniently near the Tonnelle Avenue Light Rail Station and multiple bus routes, facilitating easy commuting options for residents.
Executive Summary
6124 Jackson Street is a three-story, 2,757-square-foot brick multifamily building located in the highly sought-after North Hudson County multifamily submarket. This income-producing property comprises six individually metered one-bedroom residential units and is fully leased, offering immediate cash flow. With a strong residential market characterized by a 71% renter-dominated population and one of the tightest vacancy rates in the nation, this property presents an excellent investment opportunity with upside potential through unit modernization and annual rent increases.
Situated just a short walk from Kennedy Boulevard and Bergenline Avenue, two bustling commercial corridors, 6124 Jackson Street boasts exceptional connectivity. The property is near key transportation routes, including the George Washington Bridge, the Lincoln Tunnel, Interstate 495 and 95, and Routes 1 and 9. Public transit options such as the Tonnelle Avenue Light Rail Station further enhance accessibility. The location is surrounded by vibrant local and national retailers, including CVS, Dunkin’, McDonald’s, Chipotle, and more, offering a dynamic mix of retail and dining options within a one-mile radius.
West New York, located along the Hudson River across from New York City, combines a laidback charm with unparalleled access to one of the world’s most dynamic urban centers. The area is home to thriving residential and commercial communities, local amenities like Miller Park, the James J. Braddock North Hudson Park, and breathtaking views from the waterfront walkway. With a dense population of over 216,000 and annual consumer spending exceeding $400 million within two miles of the property, West New York is an ideal market for multifamily investment. 6124 Jackson Street is a strategic, cash-flowing asset that benefits from ongoing leasing activity and surrounding apartment development, providing investors with an unmatched opportunity to capitalize on one of the most robust multifamily markets in the region.
Property tours are available by appointment only. Please contact the broker to schedule.
Situated just a short walk from Kennedy Boulevard and Bergenline Avenue, two bustling commercial corridors, 6124 Jackson Street boasts exceptional connectivity. The property is near key transportation routes, including the George Washington Bridge, the Lincoln Tunnel, Interstate 495 and 95, and Routes 1 and 9. Public transit options such as the Tonnelle Avenue Light Rail Station further enhance accessibility. The location is surrounded by vibrant local and national retailers, including CVS, Dunkin’, McDonald’s, Chipotle, and more, offering a dynamic mix of retail and dining options within a one-mile radius.
West New York, located along the Hudson River across from New York City, combines a laidback charm with unparalleled access to one of the world’s most dynamic urban centers. The area is home to thriving residential and commercial communities, local amenities like Miller Park, the James J. Braddock North Hudson Park, and breathtaking views from the waterfront walkway. With a dense population of over 216,000 and annual consumer spending exceeding $400 million within two miles of the property, West New York is an ideal market for multifamily investment. 6124 Jackson Street is a strategic, cash-flowing asset that benefits from ongoing leasing activity and surrounding apartment development, providing investors with an unmatched opportunity to capitalize on one of the most robust multifamily markets in the region.
Property tours are available by appointment only. Please contact the broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per Unit
New York - NY USA
Market Cap Rate
New York - NY USA
Market Sale Price per Unit by Star Rating
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Market Cap Rate by Star Rating
1 - 2 Star
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Market Sale Price per Unit Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Conditions | Auction Sale | Building Size | 2,757 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,757 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 12-00142-0000-00011 | Improvements Assessment | $158,832 CAD |
| Land Assessment | $72,197 CAD | Total Assessment | $231,029 CAD |
PROPERTY TAXES
Parcel Number
12-00142-0000-00011
Land Assessment
$72,197 CAD
Improvements Assessment
$158,832 CAD
Total Assessment
$231,029 CAD
zoning
| Zoning Code | R-M (Mix Use) |
| R-M (Mix Use) |
Sale Advisors
Sale Advisors
Devin Perez, Associate
(201) 742-6154
Contact
Devin Perez is an investment sales advisor at Marcus & Millichap. Devin specializes in exclusively representing sellers and buyers of Retail and Mixed-Use properties in Hudson County, New Jersey. Having 10 years of experience, Devin is a versatile broker that ensures his clients achieve a high level of success by providing a specialized approach to investment sales guided by the firm’s mission of helping clients create and preserve wealth. Devin is a 2008 graduate of Virginia Tech, where he majored in Residential Property Management and was a varsity letterman on the nationally ranked Football team. NJ: 1004553
Brent Hyldahl, First Vice President Investments
(908) 268-7171
Contact
Brent Hyldahl is a retail, medical/office, mixed-use, industrial and net-lease specialist with Marcus & Millichap. Brent exclusively represents buyers and sellers of investment properties throughout the region, and acts in accord with the company-wide mission to help clients create and preserve wealth by providing the best real estate investment sales, financing, research and advisory services available. He works with both sell-side and buy-side clients, representing 1031 exchange buyers, private investors, and private owners.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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