232 Stuyvesant Ave, Lyndhurst, NJ 07071

This mixed-use property at 232 Stuyvesant Avenue in Lyndhurst, NJ, presents a prime investment opportunity in a high-demand commuter area. The building, constructed in 1920 and standing two stories tall, is zoned for mixed-use and features a total area of 3,545 square feet. It comprises two updated retail storefronts on the ground level and three distinct residential units above. One residential unit offers one bedroom, while the other two apartments each contain two bedrooms, providing diverse rental potential.

Recent updates have been made to key building systems, including the roof, furnace, and hot water heater, contributing to the property's operational efficiency. The current setup involves the landlord covering the costs for heat, water, and sewer services, while tenants are responsible for their cooking gas and electricity. This arrangement is designed to streamline management and provide predictable utility expenses for the owner.

The property benefits from a convenient location, situated just steps away from the new Lyndhurst Train Station, offering excellent transit options for commuters. Proximity to NYC buses, various stores, restaurants, and nightlife further enhances its appeal to both residential and commercial tenants. The building's frontage measures 25 feet along Stuyvesant Avenue.

Parking is accommodated by an off-street parking area located in the rear of the property, providing seven spaces. This equates to approximately 1.97 spaces per 1,000 square feet of leased area, addressing a common need for businesses and residents in the vicinity. The property is categorized for investment or owner-user purposes, with a stated cap rate of 6.66%.

This offering represents a versatile property with multiple tenancies, suitable for an investor seeking to capitalize on a well-situated asset or an owner-user looking to occupy retail space while generating income from residential rentals. The building class is noted as C, and the property subtype is Storefront Retail/Residential.