Listed by Marcus & Millichap - New Jersey
$2,243,000
Journal Square - Mixed Use
Details
APN 06-08206-0000-00026
Property Type Retail, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 5,500
Units 5
Cap Rate 6.15%
NOI $137,995
Tenancy Multi
Year Built 1982
Stories 3
Acreage 0.060
Zoning C-2
Ground Lease No
About This Property for Sale
Marketing description
Marcus & Millichap is pleased to exclusively present 542 Newark Ave, Jersey City, Hudson County, New Jersey.
Investment highlights
- +/- 5,500 SF Fully Renovated Mixed- Use Building In Journal Square, Jersey City, Hudson County, NJ
- Property Consists Of 5 Units: 4 Residential Apartments And 1 Commercial Unit
- No Rent Control
- All Separate Utilities Responsibility Of Tenants
- Located In Journal Square- 8 Minute Walk To The JSQ Path Station With Direct Access Into Manhattan
- Convenient Access To All Major Transportation Routes
- Superior Demographics: Over 96,000 People With An Average Income Over $122,000 Within 1- Mile Of The Subject Property
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$137,995.00
$11,499.58/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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