266 Erie St - Apartments FOR SALE


Jersey City, NJ 07310
$3,300,000 USD
732-750-3000
266 Erie St, Jersey City, NJ for Sale
$3,300,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

266 Erie St
Jersey City, NJ 07310


HIGHLIGHTS

  • Loan assumption from Greystone with lower interest rate than today.
  • Approved multifamily and hotel developments across the street and surrounding the entire block.
  • Tenants are from the Jersey City Housing Authority waiting list.
  • Opportunity to renovate the last two remaining units and increase rents.
  • One un-renovated apartment to be delivered vacant.

OVERVIEW

The property is a five-story building with 10 residential units.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

10

PRICE/UNIT

$330,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

MF

APN/PARCEL ID

06-07102-0000-00014

ASK ABOUT THIS PROPERTY

Davis BrionesThe Kislak Company, Inc.More Info
732-750-3000

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Davis BrionesThe Kislak Company, Inc.More Info
732-750-3000

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