Penny Lane Realtors
The median home value in Bogota, NJ is $540,000.
This is
lower than
the county median home value of $560,000.
The national median home value is $308,980.
The average price of homes sold in Bogota, NJ is $540,000.
Approximately 65% of Bogota homes are owned,
compared to 31% rented, while
3% are vacant.
Bogota real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Bogota real estate agent to arrange a tour today!
Learn more about Bogota.
This value add offering consists of 2 Legal Properties, 30 W. Fort Lee Rd. and 42 W. Fort Lee Road. The subject properties contain approximately 6,766 SF of rentable space divided up into 10 separate units. The unit sizes are approximately 900 SF, 715 SF and 600 SF each. 1 of the 10 units has a 10 foot roll up door. Each unit pays their own heat/hot water and has a fully sprinklered basement. As of 3/8/24 there are 3 vacant units on site and the current monthly income is $9,650 per month. 4 of the units are month to month tenants Fully rented this asset should bring in approximately $14,150 per month without raising any of the rents on the month to month tenants in the property. Once fully occupied the Cap Rate at the list price should be approximately 8%. Bringing the additional month to month tenants rent to the market rate should increase the monthly gross income to approximately $15,550 per month bringing the cap rate up to 9.8%
