Back

1 of 37

2 of 37

3 of 37

4 of 37

5 of 37

6 of 37

7 of 37

8 of 37

9 of 37

10 of 37

11 of 37

12 of 37

13 of 37

14 of 37

15 of 37

16 of 37

17 of 37

18 of 37

19 of 37

20 of 37

21 of 37

22 of 37

23 of 37

24 of 37

25 of 37

26 of 37

27 of 37

28 of 37

29 of 37

30 of 37

31 of 37

32 of 37

33 of 37

34 of 37

35 of 37

36 of 37

37 of 37

1600 54th St
North Bergen, NJ 07047

$19,250,000 USD

Apartments For Sale • 41,600 SF

Property Details

Property Type Apartments
Total Building Size 41,600 SF
Lot Size 0.79 AC
Building Class B
Year Built 2024
Cap Rate 5.50 %

0 Transit Score

51 Walk Score

                
                    Highlights
                
                                New Construction: Two 26-unit buildings, totaling 52 units.
                            
                                Amenities: Building 1 features a community room; Building 2 includes a gym.
                            
                                Unit Mix: 42 units are 1-bedroom with a den, and 10 are 1-bedroom apartments.
                            
                                Parking: 77 parking spots available for residents.
                            
                                Leasing Status: Building 1 is fully stabilized for over 60 days; Building 2 available since August.
                            
                                No Rent Control: New construction exempt from rent control in North Bergen.

Property Flyers

Pro Forma_1600 54th St

Rent Roll_1600 54th Street

Financial Summary (Actual)

Net Operating Income: $1,058,719 USD (2024)

Cap Rate:	5.50 %
Total Expenses:	$398,933 USD

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Courtyard
Fitness Center
Tenant Controlled HVAC
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Public Transportation
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Meadowlands Sports Complex Station (BetMGM Meadowlands Rail Line - NJ TRANSIT RAIL)	8 min	-	5.4 mi
Secaucus Junction (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit), Pascack Valley Line - NJ Transit Commuter Rail (NJ Transit))	11 min	-	5.9 mi
Transit/Subway	Drive	Walk	Distance
Tonnelle Avenue (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	0 min	4 min	0.2 mi
Bergenline Avenue (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Newark Liberty International	13 min	-	11.4 mi
Laguardia	30 min	-	13.6 mi
John F Kennedy International	38 min	-	21.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	77
Type:	Covered
Included in Rent:	Yes

Pharoah Lozano 201-592-8900 Keller Williams City Views

1600 54th St North Bergen, NJ 07047