100 Lincoln St - Apartments FOR SALE


Jersey City, NJ 07307- The Heights
$2,345,000 USD
410-530-3196
100 Lincoln St, Jersey City, NJ for Sale
$2,345,000 USD
Apartments - FOR SALE
1/37
null | 6.09% Cap Rate

100 Lincoln St
Jersey City, NJ 07307
The Heights


HIGHLIGHTS

  • Building gut renovated in 2021.
  • Quiet block with great access to retail and NYC transportation.
  • Wonderful shared outdoor space.
  • Opportunity to improve rents upon renewal or vacancy based on market.

OVERVIEW

Confirmation that exceptional opportunities still exist – an oversized legal six family property with untold future development potential in one of the New York metro's fastest growing areas, Jersey City Heights. Currently generating $16,175 per month – 6.09% CAP Rate – 100 Lincoln Street is a fully detached three-story building on a 25'x111' AV. lot with a full basement that was gut renovated in 2021. It is comprised of six thoroughly modern two bedroom, one-and-a-half bathroom residences with central air conditioning and heating, and full-size in-residence washer/dryers. Each fully occupied unit offers residents a private storage area in the basement as well as access to the 945 SF garden at the rear of the property. The impressive scale of the building, which measures nearly 64' deep, combined with ceiling heights of 9'11" on each of its three main floors, allows for incredible flexibility in how these spaces can be utilized. Fully occupied on annual leases; there is an opportunity to improve rents upon renewal based on the market. Perfectly positioned in the heart of Jersey City Heights, 100 Lincoln Street is a few blocks from multiple NJ Transit bus lines with service to New York City and the Journal Square PATH station, which offers express service to points in Jersey City, Hoboken and Lower Manhattan. Jersey City Heights presents an exciting, constantly evolving array of boutique shopping, dining, coffee shops and grocery stores as well as easy access to parks, playgrounds as well as the other renowned neighborhoods that make Jersey City such a special place to live. Approximate laser-measured size (gross, including hallways): Basement: 1595 SF; First Floor: 1595 SF; Second Floor: 1595 SF; Third Floor: 1595 SF; Total Gross: 6380 SF.

FOR SALE DETAILS

PRICE

$2,345,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

6

PRICE/UNIT

$390,833

CAP RATE

6.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R-1

APN/PARCEL ID

06-02605-0000-00033

ASK ABOUT THIS PROPERTY

Charles RubensteinCompass New Jersey LLCMore Info
410-530-3196

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Charles RubensteinCompass New Jersey LLCMore Info
410-530-3196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.