Listed by Matthews
$2,228,000
113 Wales Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,000
Units 6
Cap Rate 6.27%
Tenancy Multi
Price per SqFt $278
Year Built 2015
Ground Lease No
New Construction 6-Unit Multifamily in Journal Square with 6.27% Cap Rate
Investment highlights
- New Construction Opportunity
- 6 Units
- 2 Buildings
- 100% Free Market
- 6.27% Cap Rate
- New Construction (2015)
- Building Highlights
- 4 Garage Parking Spaces + 2 Dedicated Parking Spaces
- Large apartments averaging ±1,333 SF
- Strong unit mix of 2- and 3-bedroom apartments
- In-Unit Washer/Dryer, Stainless Steel Appliances, Granite Countertops, & Oversized Closets
- Central HVAC
- Tenant pays for heat, hot water, cooking gas, & electric
- Landlord is responsible for water & sewer
- Prime Location in Journal Square, Jersey City
- Convenient Transportation
- The building is approximately a 17-minute walk to the Journal Square Station which provides a 12-minute ride directly to Midtown Manhattan via the PATH.
Listing Contacts
Listed by Matthews
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