5+ Mixed Use For Sale in Little Ferry, NJ
MLS# : 24019794
PROPERTY DETAILS
PROPERTY DESCRIPTION
Great income producing investment opportunity for this standalone commercial mix use property located on a busy street in Little Ferry NJ. Lot size is approximately 51x71 with 5+ Parking spots including a secluded fenced off backyard lot. Top level features a 3 Bed 1 Bath spacious layout. Ground level entirety is currently being occupied by a successful hair salon business. Previously the ground level contained a 1 bed 1 bath residential + Retail space. Can be reverted back to 3 bed 1 bath on 2nd floor and 1 bed 1 bath / + Retail space on Ground floor. Property will be delivered vacant. Potential rent roll for 3 bed 1 bath $2,200 + $3000 Retail Space (1,120 sq ft) + Additional 800 sq ft terrace. Net Operating Income: $51,200 /$750,000 = Cap Rate 6.82% Seller currently has mortgage at 3% which is assumable and transferable to potential buyer. Come see this income producing property today!
Amenities
This listing is a courtesy of Proper Estates, Inc.
(201) 242-9000 office, listing agent Brian S. Kim
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
About Little Ferry, NJ Real Estate Market
Based on the results of a referendum, the foundation of Little Ferry as a borough was laid in 1894 under an act of the New Jersey Legislature. It is one of those 26 boroughs formed during the Boroughitis phenomenon in 1894. For the formation of Little Ferry as a borough, portions of Lodi Township and New Barbadoes Township joined together.
In the colonial era, the town of Little Ferry served as a site of a ferry operating between the towns of Bergen and Hackensack across the Hudson River. This process kept on continuing till 1826 when the construction of the bridge happened on the Bergen Turnpike. Most of the residents of Little Ferry rent their New Jersey homes, which offer an urban-suburban mix feel.
| Population: | 10,626 |
| Total Housing Units: | 4,439 |
| Single Family Homes: | 2,239 |
| General Tax Rate (2023): | 2.746% |
| Effective Tax Rate (2023): | 2.328% |
| Compare To Other Towns |
Little Ferry Market Indicators
PRICE INDEX
| Average Price* (12mo): | $500,084 |
| Homes Sold* (12mo): | 29 |
SINGLE FAMILY HOME SALES
Little Ferry, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.746% |
| Effective Tax Rate (2023): | 2.328% |
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc.
All information deemed reliable but not guaranteed. Last date updated: 11/19/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
