264 Martin Luther King Jr Dr - Apartments FOR SALE


Jersey City, NJ 07305- Greenville
$825,000 USD
201-215-1806
264 Martin Luther King Jr Dr, Jersey City, NJ for Sale
$825,000 USD
Apartments - FOR SALE
1/12
null | 6.86% Cap Rate

264 Martin Luther King Jr Dr
Jersey City, NJ 07305
Greenville


HIGHLIGHTS

  • Convenient Infill Location
  • Walkable Location
  • Transit Oriented Location
  • Separate Utilities
  • Strong Demographics
  • Significant Population Growth

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 264 Martin Luther King Drive in Jersey City, New Jersey (“the Property”). The Property is improved by a three-story building that contains three (3) units comprised of one commercial unit on the ground floor, and two (2), 3-Bedroom/1- Bathroom residential units on the upper floors. The building is situated on a 0.05-acre parcel of land. The Property is strategically located along Martin Luther King Drive Jersey City’s Greenville neighborhood. 264 Martin Luther King Drive is just a short walk from Bergen Avenue and John F Kennedy Boulevard, two of the area’s primary corridors. The location offers convenient access to a multitude of retail, dining, entertainment and transportation amenities in both Jersey City and neighboring Bayonne. Jersey City is a suburb of New York City, located in the heart of Hudson County within the New York metropolitan area. The affluent and densely populated area is 3-miles west of New York City.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

3

PRICE/UNIT

$275,000

CAP RATE

6.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

06-23501-0000-00096

ASK ABOUT THIS PROPERTY

Connor RussoHorvath & TremblayMore Info
201-215-1806

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Connor RussoHorvath & TremblayMore Info
201-215-1806

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