541 Newark Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07306
$2,000,000 USD
917-560-3902
541 Newark Ave, Jersey City, NJ for Sale
$2,000,000 USD
Storefront Retail/Residential - FOR SALE
1/36
null | 5.2% Cap Rate

541 Newark Ave
Jersey City, NJ 07306


HIGHLIGHTS

  • LOCATION LOCATION LOCATION!
  • Below market rents and NO RENT CONTROL
  • NEWL RENOVATED

OVERVIEW

Turnkey VALUE-ADD investment opportunity located in the booming Journal Square neighborhood of Jersey City. $104,080 NOI. Fully occupied; BEAUTIFULLY renovated mixed-use (4 residential over 1 commercial) building with an additional (un-renovated) 3BR carriage house in the rear of property. The residential units in main building are (Three) 2BR/2BA units & (one) 1.5BR/1BA unit. NO RENT CONTROL. Commercial tenant is currently on a below market month-to-month lease and the carriage home is ideal for an owner/user looking to renovate and move. Perfect opportunity to have tenants pay your mortgage and live practically rent free. Easy upside potential here. 7 minute walk to the PATH at Journal Square Station which brings commuters directly to Manhattan. Property works as-is for an investor but is also suitable for an owner/user. Commercial space is roughly 900 sq/ft

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

NC

APN/PARCEL ID

06-09601-0000-00011

ASK ABOUT THIS PROPERTY

James PompaVue Realty GroupMore Info
917-560-3902

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

James PompaVue Realty GroupMore Info
917-560-3902

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