5517 Grant Pl
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Property Description
Acquire this 4-story, 16-unit multifamily building in West New York, New Jersey, strategically located near the 49th Street Light Rail station, offering tenants convenient access to Hoboken, Jersey City, and Manhattan and supporting sustained rental demand. The property presents meaningful upside for a buyer, as West New York’s capital improvement allowance permits owners to pass through the cost of qualifying renovations as rent increases outside standard rent control limits. Unit-level upgrades could support rent growth of approximately 30% over in-place rents, creating a clear value-add opportunity for an investor to reposition rents to market while benefiting from the property’s transit-adjacent location.
Agent Information
Agent Name: Chris Cervelli
Agent Information: All offers, showings and negotiations through listing broker. Please contact Chris Cervelli at 201-868-6300 ext 18 or email [email protected].
