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575 55th St, West New York Town, NJ, 07093

$1,199,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths, 1 Partial
Multi
Schools Nearby

Location

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575 55th St, West New York$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn-Street Parking, Detached Garage, Oversize Garage, See Remarks
Garage3 spaces
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #3891664
Lot Size0.06 Acres
StatusActive

About 575 55th St

This impressive 4-unit property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting four separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Studio $550. Annual expenses $19,300 Potential cap rate of 6%

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story, Fourplex

Listing Office:

  • Office Name: MID STATE REALTY
  • Office Phone: (732) 251-8900

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Basement: Yes
  • Interior: Fire Extinguisher, Security System, Smoke Detector

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: On-Street Parking, Detached Garage, Oversize Garage, See Remarks

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Memorial High School, Public District Grades 9-12
  • West New York Middle School, Public District Grades 7-8
  • Robert Menendez Elementary School, Public District Grades EE-6

Other

Directions Information:

  • Directions: Use GPS Make right on 55th from JFK Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000
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Housing Market Comparison

See how this home compares to others in West New York, NJ.

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West New York, NJ

City

Med. List Price

$749K

Med. Price/SqFt

$432

Avg. Days On Market

63

# of Sold Homes

1

575 55th St vs West New York

37 DAYS ON ROCKET

-26 Days

$1,199,000

+$450K More

KEY TAKEAWAY

This property is $450K more than the Median List Price in West New York, NJ.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Number: #3891664

Listing Office:

  • Office Name: MID STATE REALTY
  • Office Phone: (732) 251-8900

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 8:25:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1097563
2
/10

  • Robert Menendez Elementary School

  • 600 55th St

  • 0.06 miles

  • Public District Grades EE-6

Middle School

school-card-donut-1097564
5
/10

  • West New York Middle School

  • 201 57th St

  • 0.44 miles

  • Public District Grades 7-8

High School

school-card-donut-1097565
2
/10

  • Memorial High School

  • 5501 Park Ave

  • 0.51 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,675. The majority of West New York, NJ residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Hudson County›West New York›07093›575 55th St

This home is located at 575 55th St in West New York Town, NJ and zip code 07093. This home sits on a 0.06 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $1,199,000.

The number of homes for sale in West New York, NJ increased by 108.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 63 days, the median list price was $749,000.

From Rocket Homes Real Estate and based on county public records data.

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