BERGEN COUNTY MULTIFAMILY ASSET 42 Lester Street, a recently renovated 6-unit multifamily property in Wallington, NJ Investment Highlights • Asking Price: $1,600,000 • Units: 6 (five 1BRs + one 1BR loft with outdoor patio) • Price/Unit: $266,667 • Year Built / Renovated: 1945 / 2023 • Building Size / Lot Size: 3,288 SF / 5,035 SF • Parking: 4 on-site spaces • Gross Rent Multiplier (GRM): 11.53 • Current NOI: $90,577 Key Features • Fully renovated in 2023 – minimal near-term CapEx • Stabilized cash flow with immediate rent growth potential • Strong Bergen County commuter location with excellent access to highways and NYC transit This property offers investors a rare chance to acquire a turnkey, Class-A condition asset with both near-term rental upside and long-term stability.
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