560 55Th StWest New York, NJ 07093

Property Details for 560 55Th St

Year built

1920

Construction

BRICK

Lot size

0.39 AC

Property size (Sq ft)

30,840 SF

Property type

Industrial properties

APN

12 00118-0000-00003

APU

1200118000000003

Description

This exceptional 30,000 square foot multi-tenant property at 560 55th Street in West New York, New Jersey (zip code 07093), offers a unique blend of office and industrial space. Currently, 5,000 square feet is available for lease. The building boasts a variety of uses, including flex space, warehouse, traditional office, and creative office space, making it ideal for a diverse range of businesses. The property features one loading dock and one drive-in door, ensuring efficient loading and unloading. Power is supplied by a 200-amp service. An elevator is available for convenient access to all floors. The building's high ceilings (14 feet) and abundant natural light create a bright and inviting atmosphere. Its location in Hudson County provides easy access to major highways, making it a highly desirable location for businesses needing convenient transportation links. The available space is perfect for a variety of commercial uses, including but not limited to food businesses, contractors, online retailers, dance studios, art galleries, sign makers, print shops, and artist studios. This property presents a fantastic opportunity for businesses seeking a versatile and well-located space in a thriving area of New Jersey.

• CAP approach

  CAP return

  Valuation

  6%

  $11,376,800

  6.5%

  $10,501,600

  7%

  $9,751,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,447,290

  Geo Method

  $6,447,290

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,385,180

  Mixed-Use / Specialty

  $5,365,980

  Hospitality / Lodging

  $3,936,850

  Office

  $5,334,100

  Institutional / Educational

  $5,578,460

  Residential Income

  $6,526,790

  Multifamily

  $7,827,880

  Automotive / Energy

  $4,781,530

  Parking / Income-Based Land

  $1,650,050

  Restaurant / Food Service

  $2,790,890

  Healthcare / Senior Housing

  $5,502,710

Location Insight

City

West New York

County

Hudson

State

New Jersey

Latitude

40.7868

Longitude

-74.0208

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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