- For Sale $7,350,000
- Property Type Multi-Family
- Units 40
- Date Updated Jul 2, 2026
Description
The property is located in Passaic, NJ.The portfolio consists of 39 residential units, 1 store, and a large double-sided billboard in Passaic NJ. The tenants pay for their own heat and electric usage and there is on-site parking for 16 cars. 29 units have been fully renovated. The buildings have large upside due to below market rents.
Highlights
- 29 fully renovated units
- Centrally located next to Route 21 entrance ramp
- EGI: $678,655, NOI: $452,421
- Fully occupied properties
- Potential redevelopment opportunity
- Reduced sale price
- Tenants pay for their own heat usage.
- There is on site parking for 16 cars.
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Contacts
Robert Squires
The Kislak Company
Location
Located at 52-62 Dayton Avenue & 15 Hobart Street, Passaic, NJ 07055, this property is part of the Monroe Street neighborhood and New Jersey market.
Contact Listing Broker
Robert Squires
The Kislak Company
