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253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
253 Degraw Ave
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$899,999

253 Degraw Ave

4,000 Sq.Ft.

Description

Seize the opportunity to own two side-by-side mixed-use properties in the heart of Teaneck, New Jersey. These well-positioned buildings present a rare chance to acquire significant real estate assets in a bustling commercial district. Currently yielding a 7.5%+ cap rate, these properties offer substantial upside potential with projected rents that could increase the cap rate to approximately 9.85%.Both properties feature a blend of retail and residential units, creating a balanced income stream that leverages Teaneck's dynamic market dynamics. The commercial spaces are ideally suited for high-traffic businesses seeking visibility and accessibility, while the residential units appeal to a steady rental market, ensuring continuous occupancy.Invest in a location that stands the test of time, offering both immediate returns and long-term growth potential. These legacy buildings represent more than just an investment; they are a cornerstone for future generations to build upon.Ideal for savvy investors looking to expand their portfolio with stable, high-yield assets, these properties promise not only financial rewards but also the opportunity to own a part of Teaneck's vibrant community. Don't miss out on this incredible investment opportunity to buy into a location and legacy that will deliver returns for years to come.

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Location

253 Degraw Ave, Teaneck Twp, NJ 07666

Status

For Sale
Michael  Vera Silva

Michael Vera Silva

TITLE

Broker of Record

Property Amenities

Area & Lot
Lot Area 3,920.4 Sq.Ft.
Living area 4,000 Sq.Ft.
MLS® ID 3896884
Year Built 1925
Type Commercial
Status For Sale
Exterior
Stories 2
Heat type Natural Gas
Water Source Public
Security Features Smoke Detector(s)
Sewer Public Sewer
Roof Rubber
Finance
Sales Price $899,999
Real Estate Tax $16,807 yearly
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Thank you for your interest in 253 Degraw Ave, Teaneck Twp, NJ 07666. We are reviewing your request and will be in touch shortly!

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