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$742,500
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Property Description
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.
Full Property Details
Full Property Details for 516 51st St
General
- Sold For: $742,500
- Taxes: $13,825
- Status: Closed
- Type: Multi-Family
- Source: Liberty_Board_Hudson_County_Hudson_MLS
- MLS ID: 250007472
- Added to Site: 277 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Level 4 - Full Baths: 2
- Level 3 - Full Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms-L4: 3
- Bedrooms-L3: 1
Other Rooms
- Living Rooms: 2
- Living Room-L4: 1
- Living Room-L3: 1
- Kitchens: 2
- Kitchens-L4: 1
- Kitchens-L3: 1
- Dining Rooms: 1
- Dining Rooms-L4: 1
Location
- Area: West New York
- County: Hudson
- Driving Directions: BERGENLINE AVE AND KENNEDY BLVD
Heating & Cooling
- Heating/Cooling: A/C Central, Hot Air, Baseboard, Gas
Structural Information
- Architectural Style: Multi-Level
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Walk-Out
Lot Features
- Lot Dimensions: 25 x 112
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $13,825
Disclosures and Reports
- Lead Paint Discl.: Yes
- Block: 108
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Schools
Schools serving 516 51st St
School District:West New York Town School District
| Name | Grades | Distance |
|---|---|---|
Memorial High School 5501 Park Avenue, West New York, NJ 07093 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 51st St
Date
Details
Price
Change
Source
7/18/2025
Sold
$742,500
-10%
MLS
4/16/2025
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 51st St, West New York, NJ 07093 (MLS# 250007472) is a Multi-Family property that was sold at $742,500 on July 18, 2025. Want to learn more about 516 51st St? Do you have questions about finding other Multi-Family real estate for sale in West New York? You can browse all West New York real estate or contact a Coldwell Banker agent to request more information.

