516 51st St West New York, NJ 07093
Estimated payment $5,509/month
Highlights
- Living Room
- 3-minute walk to Bergenline Avenue
- Baseboard Heating
- Central Air
About This Home
Potential 7% Cap. Solid investment opportunity for both end-user and investor in a high-demand location near the Light Rail station. This mixed-use property features two commercial spaces—one currently leased to a licensed psychologist (1100 Sq Ft), and the second, a clean and versatile space ideal for professional or medical office use (500 Sq Ft). The property also includes two rented residential units: a 1BR apartment above the doctor's office, and a detached 3BR unit located at the rear of the lot. Strong rental demand and potential for a 6.5% cap rate make this a compelling addition to any investment portfolio and especially if you have a practice and want to live on site. All newer and separate utilities. Central AC/Heat. This property is a well-oiled machine.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,825
Lot Details
- Lot Dimensions are 25 x 112
Home Design
- Brick Exterior Construction
Interior Spaces
- Multi-Level Property
- Living Room
- Unfinished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Central Air
- Baseboard Heating
- Heating System Uses Gas
Community Details
- Insurance Expense $6,000
- Utility Expense $139
- Water Sewer Expense $2,808
Listing and Financial Details
- Legal Lot and Block 29 / 108
- Assessor Parcel Number 12 00108-0000-00029
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,826 | $167,400 | $54,000 | $113,400 |
| 2024 | $13,283 | $167,400 | $54,000 | $113,400 |
| 2023 | $13,283 | $167,400 | $54,000 | $113,400 |
| 2022 | $12,994 | $167,400 | $54,000 | $113,400 |
| 2021 | $12,871 | $167,400 | $54,000 | $113,400 |
| 2020 | $12,781 | $167,400 | $54,000 | $113,400 |
| 2019 | $12,659 | $167,400 | $54,000 | $113,400 |
| 2018 | $12,600 | $167,400 | $54,000 | $113,400 |
| 2017 | $12,545 | $167,400 | $54,000 | $113,400 |
| 2016 | $12,220 | $167,400 | $54,000 | $113,400 |
| 2015 | $11,986 | $167,400 | $54,000 | $113,400 |
| 2014 | $11,202 | $167,400 | $54,000 | $113,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Pending | -- | -- | -- |
| 04/16/2025 04/16/25 | For Sale | $825,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $743,500 | Westcor Land Title | |
| Deed | $743,500 | Westcor Land Title | |
| Deed | $637,000 | Commonwealth Land Title Ins | |
| Deed | $160,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $488,750 | Purchase Money Mortgage | |
| Previous Owner | $250,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $130,000 | Purchase Money Mortgage |
Source: Hudson County MLS
MLS Number: 250007472
APN: 12-00108-0000-00029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 519 54th St Unit 2B
- 519 54th St Unit 3A
- 564 52nd St Unit 205
- 579 54th St
- 329 48th St
- 325 52nd St Unit 2
- 5509 Madison St Unit 403
- 414 46th St Unit 416
- 603 55th St Unit 210
- 603 55th St Unit 204
- 304 51st St
- 411 46th St
- 214 48th St Unit 12
- 214 48th St Unit 9
- 4517 Harrison Place
- 209 48th St Unit A
- 428 56th St
- 209-211 48th St Unit A5
- 207 48th St Unit 2A
- 243 46th street 46th St