WEEHAWKEN, NJ-Two apartment buildings within two blocks of each other here are being marketed as a package for $6.25 million.

The buildings at 10-12 48th Street and 4614 Park Ave. can also be sold separately, according to the broker Eastern Consolidated.

The seller, a group of New York City-based investors, is being represented by Eastern Consolidated's Peter Carillo and Ryan Freeman, along with financial analyst Paul J. Nigido.

The buildings have a total of 39 units - one-, two- and three-bedrooms.

“Situated on the Hudson Coast within two blocks of each other, these buildings are in close proximity to the new state-of-the-art light rail station and the new ferry at Port Imperial,” Carillo said. He said the buildings are well-maintained, with rents that are currently below-market.

The 48th Street building has 17 units, 13 two-bedrooms and four three bedrooms. The property, situated along Kennedy Boulevard, offers panoramic views of Manhattan.

The Park Avenue building has 22 units, 12 one-bedrooms, one two-bedroom and eight three-bedroom units as well as a Super's apartment in the basement.

The properties are situated one block from JFK Boulevard East on a winding road that runs along the edge of the Palisades. The location is less than a mile from the Hudson River and Lincoln Tunnel entrance into Manhattan.

Four express lines stop on Kenney Boulevard East, between 47th and 48th Streets, providing a 10-minute commute directly into Port Authority.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.