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37 47th St
Weehawken, NJ 07086

Investment Property - Weehawken · Multifamily Property For Sale · 2 Units

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INVESTMENT HIGHLIGHTS

2 Bedroom | 1 Bathroom, 6 Bedroom Duplex | 2 Bathroom | Bonus Guest Studio
3+ Car Parking | detached Garage for additional and/or storage

Updated Kitchen | Washer & Dryers
Private Backyard | Front & Rear Balconies

EXECUTIVE SUMMARY

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!

PROPERTY FACTS

Price Per Unit	$700,000	Apartment Style	Mid-Rise
Sale Type	Investment	Building Class	C
Cap Rate	6.12%	Lot Size	0.06 AC
Sale Condition	Build to Suit	Building Size	2,963 SF
No. Units	2	Average Occupancy	100%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment Multifamily Apartments	Year Built/Renovated	1910/2023

Price Per Unit	$700,000
Sale Type	Investment
Cap Rate	6.12%
Sale Condition	Build to Suit
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	2,963 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1910/2023

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
2+1	1	$2,800	-
3+1	2	$3,025	-

ZONING

Zoning Code	Residential (Legal 2-Family w/ option for 3-Family conversion)
Residential (Legal 2-Family w/ option for 3-Family conversion)

Listing ID: 32234338
Date on Market: 6/24/2024
Last Updated:
Address: 37 47th St, Weehawken, NJ 07086

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