November 18, 2022 – Patrick Forde of Horvath & Tremblay has successfully completed the sale of 444-446 61st Street in West New York, New Jersey. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,200,000.
The mixed-use investment property is located at 444-446 61st Street in West New York, New Jersey. The investment property is comprised of a two-story mixed-use building that features three retail tenants on the ground floor, and four (4), 2-Bedroom/1-Bathroom residential units on the upper floor. The building is comprised of 6,600 gross square feet and is situated on a 0.15-acre parcel. This mixed-use Property is 100% occupied. Each unit is separately metered for electricity, which the tenants pay directly. The residential tenants also pay for their own individual cooking gas. The landlord is responsible for heat and hot water as well as domestic water and sewer. The Property is strategically located adjacent to the signalized intersection of 61st Street and Bergenline Avenue, the area’s primary commercial corridor. 444-446 61st Street is 1.3-miles from the Tonnelle Avenue Station with service on the Hudson-Bergen Light Rail, and the Port Imperial Ferry and 2-miles from the Lincoln Tunnel connecting the area with midtown Manhattan. The Property also benefits from its proximity to numerous interstates and state highways (Interstate 95, US Routes 1 and 9, and NJ Routes 495 and 3). West New York is a small bedroom suburb of New York City, located in the heart of Hudson County within the New York metropolitan area. The affluent and densely populated area is 3-miles west of New York City.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.