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$2,899,000
Est. payment /mo
9 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260015035
Full Baths 9
Annual Tax Amount $34,205
Lot Dimensions 32.79X94.49IRR
Property Sub-Type Investment
Property Description
Great opportunity to acquire a 9 unit brick investment property, offering stable in place income with significant long term upside. Generating approximately $194,000 in current NOI. Priced at $2.899M, situated within Jersey City's Journal Square 2060 Redevelopment Zone, the building spans four stories plus a high-ceiling basement. Remodeling and condominium conversion potential with a possibility of property being delivered fully vacant. The lower-level units may offer the opportunity to be duplexed with the basement, while the zoning may permit the addition of up to two stories as of right, subject to buyer due diligence and municipal confirmation. 32.79 x 94.49 lot with a building footprint of approximately 32.79 x 77. Minutes from the Journal Square Transportation Center, the property provides direct PATH access to Manhattan and is surrounded by residential and commercial developments.
Location
State NJ
County Hudson
Area Jc Journal Square
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Listed by EXP REALTY LLC
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