3396 Kennedy Blvd, Jersey City, NJ
Mixed Use
Listing Contacts
Active
Asking Price: $1,800,000
Address
3396 John F. Kennedy Blvd, Jersey City, NJ 07307
Show on MapDate Added
Jan 27, 2025
Days on Market
50 days
Time Since Last Update
50 days
Details
Property TypeMixed Use, Multifamily
SubtypeApartment Building
Pro-Forma Cap Rate7.00%
Pro-Forma NOI$127,340
Units8
Buildings1
Stories3
ZoningRC-2 Residential Commercial
Lot Size (sq ft)1,900
Marketing Description
Solid corner investment opportunity to own an 8 unit building in Jersey City without the limitations of rent control.
Commercial units can be delivered vacant. Residential units are renovated, and all have under market rents and have month-to-month leases in place. The high visibility & traffic count of this corner make it a desirable leasing opportunity for commercial businesses.
Investment Highlights
No Rent Control
Value Add Building
Solid Brick Corner
100% Lot Coverage
Good Condition Rubber Roof
Commercial Units, Can Be Delivered Vacant
Achieve Upside, With Re-Leasing of Units
Separate Utilities
(8) Hot Water Heaters
(8) Gas Meters, Electric Meters
About 1 Mile Away From
Journal Sq Path Station
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Listing Contacts
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