253-255 Degraw Ave, Teaneck, NJ, 07666-3205
1925
4,000 sqft
Seize the opportunity to own two side-by-side mixed-use properties in the heart of Teaneck, New Jersey. These well-positioned buildings present a rare chance to acquire significant real estate assets in a bustling commercial district. Currently yielding a 6.81% cap rate, these properties offer substantial upside potential with projected rents that could increase the cap rate to approximately 9.85%.Both properties feature a blend of retail and residential units, creating a balanced income stream that leverages Teaneck's dynamic market dynamics. The commercial spaces are ideally suited for high-traffic businesses seeking visibility and accessibility, while the residential units appeal to a steady rental market, ensuring continuous occupancy.Invest in a location that stands the test of time, offering both immediate returns and long-term growth potential. These legacy buildings represent more than just an investment; they are a cornerstone for future generations to build upon.Ideal for savvy investors looking to expand their portfolio with stable, high-yield assets, these properties promise not only financial rewards but also the opportunity to own a part of Teaneck's vibrant community. Don't miss out on this incredible investment opportunity to buy into a location and legacy that will deliver returns for years to come.
Status:
Active
Type:
Commercial
Units:
4
Zoning:
B1
Heating:
Gas-Natural 4+ Units
Cooling:
Wall A/C Unit(s)
Basement:
Full, Unfinished
Levels:
2
Parking:
4-car
Lot Size:
40X100
Acreage:
0.09
Est. Taxes:
$16,807
Assessment
$509,000
Current Use
Mixed Use
Utilities
Gas In Street
MLS #:
3896884
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 Garden State Multiple Listing Service, Inc.
Listing courtesy of Realty One Group Paramount