1049 West Side Ave - Apartments FOR SALE


Jersey City, NJ 07306- Journal Square
$1,325,000 USD
201-321-4000
1049 West Side Ave, Jersey City, NJ for Sale
$1,325,000 USD
Apartments - FOR SALE
1/11
null | 5.96% Cap Rate

1049 West Side Ave
Jersey City, NJ 07306
Journal Square


HIGHLIGHTS

  • Several Blocks from Journal Square
  • Stable Income Producing Mixed-Use
  • Long-Term Upside

OVERVIEW

Outstanding long-term investment with stable tenant mix. Prime Jersey City and corner property. Blocks from Journal Square and major new developments. This mixed use asset has been well maintained and produces stable cash flow for the investor. There is a ground floor commercial tenant with a lease in-place until 2026. There are 5 additional residential Apartments and two garaged parking spots on the property. Excellent investment for long-term stability. Seller may consider financing depending on terms and deal structure.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

5

PRICE/UNIT

$265,000

CAP RATE

5.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use Residential - Near Journal Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

06-09205-0000-00013

ASK ABOUT THIS PROPERTY

Josh GarayJSG Realty CorporationMore Info
201-321-4000

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Josh GarayJSG Realty CorporationMore Info
201-321-4000

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