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94-100 Ocean Ave
8.33% NET CAP RATE
Listing Contacts
JP 
License: NJ 2298244
Active
Asking Price: $2,100,000
Address
94 Ocean Ave, Jersey City, NJ 07305
Show on MapDate Added
Aug 30, 2023
Days on Market
600 days
Time Since Last Update
49 days
Details
Property TypeMixed Use, Multifamily, Retail
SubtypeApartment Building, Convenience Store, Storefront
Investment TypeRedevelopment
Lease TypeGross
Tenant CreditCredit Rated
TenancyMulti
Number of Tenants13
Square Footage7,000
Net Rentable (sq ft)7,000
Price/Sq Ft$300
Cap Rate8.33%
Pro-Forma Cap Rate7.86%
Occupancy100%
NOI$175,000
Pro-Forma NOI$165,000
Units13
Year Built1950
Year Renovated2013
Buildings4
Stories3
Lot Size (sq ft)14,000
Parking (spaces)12
OwnershipPrivate
INTELLIGENCEMarketing Description
includes 9 residential & 4 commercial, making this a great opportunity for buy and hold investors to step into 250k+ of cash flow. For Developers, the opportunities are endless with Jersey City's South Ocean Ave redevelopment plan welcoming enhancements and improvements to properties.
Well maintained by the same owners for over 25 years. The properties included in this package are as follows: 4 commercial units + 9 apartments. 94 + 96 + 98 + 100 Ocean Ave
Investment Highlights
includes 9 residential & 4 commercial, making this a great opportunity for buy and hold investors to step into 250k+ of cash flow. For Developers, the opportunities are endless with Jersey City's South Ocean Ave redevelopment plan welcoming enhancements and improvements to properties.
Well maintained by the same owners for over 25 years. The properties included in this package are as follows: 4 commercial units + 9 apartments. 94 + 96 + 98 + 100 Ocean Ave
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
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0
DSCR
8.33%
Cap Rate
8.33%
ROI
Property History
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Due Diligence
Listing Contacts
JP License: NJ 2298244
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