191-195 Newark Ave
Multifamily | 5.50% CAP | 13 Units
Listing Contacts
License: NJ NJ8639578
Active
Asking Price: $6,750,000
Address
191-195 Newark Ave, Jersey City, NJ 07302
Show on MapDate Added
Jun 30, 2024
Days on Market
265 days
Time Since Last Update
65 days
Details
Property TypeMultifamily
SubtypeApartment Building
ClassA
Square Footage1
Price/Sq Ft$6,750,000
Cap Rate5.50%
Units13
Stories4
Lot Size (acres)1
APN12704
Marketing Description
New on the market, a rare and unique investment, mixed use property located in the pedestrian section of Downtown Jersey City. Corner of Newark and Jersey Aves. Block and half from Grove St. Path Train Station. 9 residential and 4 commercial units. Fully rented with upside rent. Separate utilities. Most of the residential units have been upgraded. Convenient to everything. This is a great investment opportunity with a cap rate of more than 4% and it can be increased in short time.
Investment Highlights
- Approx. Building age 153
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Due Diligence
Listing Contacts
- License: NJ NJ8639578
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Broker Information
Broker Information
Broker Name
Medhat Dewaik
Broker License
NJ NJ8639578
Brokerage Address
142 Newark Avenue, Jersey City, United States 07302
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