West New York, NJ High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in West New York, New Jersey Market population: 53K. Compare commercial properties across all major...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For West New York NJ Properties: 1.8620%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For West New York NJ
Common questions from investors exploring commercial real estate in West New York NJ.
What is the overall investment potential of West New York, NJ, considering its demographics and economy?
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The city's diverse population, with 73.4% Hispanic, 14.1% White, and 6.5% Asian, combined with a median household income of $56,875 and a poverty rate of 18.1%, suggests a working-class market with potential for growth, especially in the Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services industries.
How does the commute time and health insurance coverage impact the quality of life for renters in West New York, NJ?
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The 37.2-minute average commute time, with 44.8% using public transit, and 86.2% health insurance coverage, indicates a relatively stable and healthy population, making it an attractive market for renters and investors alike, with a strong demand for housing.
What are the implications of the high foreign-born rate and income inequality on the local real estate market?
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The 64.3% foreign-born rate and a GINI coefficient of 0.483 suggest a diverse but potentially unequal population, which may impact the affordability and accessibility of housing, however, the median property value of $343,400 and median property taxes of $8,300, provide opportunities for investors to cater to the demands of this unique demographic.
How does the employment rate and top industries influence the rental yield and property appreciation in West New York, NJ?
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With 26,419 employed individuals and top industries like Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services, the city offers a stable employment market, which can lead to a steady rental yield and potential property appreciation, especially with a relatively low homeownership rate of 23.1%.
What role does ethnic diversity and public transportation play in assessing market demand and stability for real estate investments in West New York, NJ?
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The city's ethnic diversity, with a high percentage of Hispanic, White, and Asian populations, and the reliance on public transit, walked, and drove alone commute methods, indicate a vibrant and dynamic community, which can contribute to a stable and growing real estate market, with a high demand for housing and potential for long-term investment returns.
West New York NJ Real Estate & City Facts
Key facts and real estate information about West New York NJ.
What are some of the best neighborhoods to live in West New York?
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Some of the best neighborhoods to live in West New York include the southwest parts of the city, which tend to be more desired, while more affordable homes can be found in the southeast regions. Neighborhoods like those near Donnelly Memorial Park and Miller Park are also popular for their scenic views and amenities.
What are some fun things to do in West New York?
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There are plenty of fun things to do in West New York, including visiting Donnelly Memorial Park for its expansive NYC views, exploring the waterfront walkway, and checking out local attractions like the Weehawken Pier and The Promenade. You can also visit the nearby Union City Festival or take a trip to the local library and museum.
What is the food scene like in West New York?
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The food scene in West New York is diverse and vibrant, with a range of restaurants serving everything from seafood to steak to handmade pasta. Some popular restaurants include Son Cubano Restaurant On The Hudson, LAS PALMAS RESTAURANT, and Brazeiro Churrascaria. There are also plenty of great food trucks and cafes to explore, like Arre Sinaloa and Food Street.
What are the pros and cons of living in West New York?
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The pros of living in West New York include its pedestrian-friendly streets, scenic views of the NYC skyline, and diverse range of restaurants and amenities. However, some cons include the high cost of living, crowded streets, and limited parking options. Additionally, the city's proximity to NYC can make it prone to traffic and noise pollution.
Is West New York a good place to live?
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Overall, West New York can be a great place to live for those who value its unique blend of urban and suburban amenities, scenic views, and diverse community. While it may have its drawbacks, the city's pros and cons make it a worthwhile consideration for those looking to move to the area. With its rich cultural scene, vibrant food scene, and convenient access to NYC, West New York is definitely worth exploring as a potential place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For West New York NJ Commercial Property: $56,875
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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