70 Central Ave - Apartments FOR SALE


Jersey City, NJ 07306
$23,000,000 USD
732-750-3000
70 Central Ave, Jersey City, NJ for Sale
$23,000,000 USD
Apartments - FOR SALE
1/7
null | 5.5% Cap Rate

70 Central Ave
Jersey City, NJ 07306


HIGHLIGHTS

  • Condo level finishes and features
  • Stainless steel appliances
  • Full-size washer and dryer
  • Quartz countertops; modern cabinetry
  • Balconies in select units
  • Solid core doors and additional insulation for superior sound control in apartments

OVERVIEW

The property consists of a newly constructed five-story residential building with a total of 31 apartments, parking garage for 32 vehicles and 1,696 SF of retail space. The building features parking and 7,000 SF of amenity space for all residents. The property is in the heart of Jersey City, strategically positioned on the border of Journal Square and The Heights. Conveniently located on Central Avenue between Beacon Avenue and Hopkins Avenue. The property is five minutes from the Journal Square PATH Station and Hudson-Bergen Light Rail.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$927 USD /SF

# OF UNITS

32

PRICE/UNIT

$718,750

CAP RATE

5.5%

% LEASED

65%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

70 Central

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2024

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RDA

APN/PARCEL ID

06-05704-0000-00001

ASK ABOUT THIS PROPERTY

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.

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.