(5) Unit Edgewater Mixed-use For Sale

17 Hilliard Ave 07020, NJ Edgewater

Property Type:
MultiFamily Apartments
Last Verified:
Oct 05, 2022


  • (5) Unit Prime Edgewater Investment Cash Cow
  • Sold at an approx. 5.5% Cap Rate
  • NYC Commuter Dream Location
  • Close to Shops, Restaurants, Night Life, and Much More
  • All Units in Excellent Condition


The Elia Realty Group presents an exciting new opportunity to own this (x5) unit mixed-use residential/commercial property in thriving, Edgewater, NJ.

General Details Include:
- New Roof in 2018
- (x5) New Hot Water Heaters in 2019
- New Fence
- The (x2) 1BR/1BTH loft units were totally renovated in 2014/2015
- The (x1) 2BR/2BTH unit was totally renovated in 2019
- (x2) New Heating / Air Conditioning units in 2019

Edgewater is a borough located along the Hudson River in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough had a population of 11,513, reflecting an increase of 3,836 (+50.0%) from the 7,677 counted in the 2000 Census, which had in turn increased by 2,676 (+53.5%) from the 5,001 counted in the 1990 Census.

The borough's history has featured the founding of the first colony in Bergen County, contribution to the Revolutionary War, a period as a "sleepy, pastoral little town" with resort hotels in the 19th century, industrialization in the early 20th century, and a transition to a rapidly growing residential community in the late 20th century.

Edgewater was incorporated as a municipality on December 7, 1894, from portions of Ridgefield Township as the Borough of Undercliff, based on the results of a referendum that passed two days earlier.

The borough was formed during the "Boroughitis" phenomenon then sweeping through Bergen County, in which 26 boroughs were formed in the county in 1894 alone. The borough's name was changed to Edgewater on November 8, 1899. The borough was named for its location on the Hudson River.

Year Built: 1915
Building Size: 4800sq ft
Lot Size: 0.06 acres


Offering Memorandum
Sale Brochure

Map of 17 Hilliard Ave, 07020, NJ, Edgewater

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.