Howard Cheung - Commercial Real Estate Showcase

Howard Cheung Property Listings
Homestead Bound Llc
2333 82nd St
Brooklyn, NY 11214
(646) 701-1931

508 Mercer Street

Jersey City, NJ 07306 - Hudson Waterfront Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:-
Building Size:2,682 SF Land Area:.03 AC (1,424 SF)
For Sale Price:$599,000 Price/SF:$223.34
Cap Rate:-

Sale Notes:
Mixed-use corner property consisting of 2 2-br apartments and 1 store, currently rented to a Deli. Building is fully occupied. Both apartments were renovated about 3 years ago. Potential for value add by increasing rents to market.

Annual Revenue = $49,344
Annual Operating Expenses = $12,400
Net Income = $36,944

McGinley Square Redevelopment Plan:,_Economic_Development_and_Commerce/City_Planning/McGinley%20Square%2009%20-%2022-2011.pdf

Homestead Bound Llc
Howard Cheung
(646) 701-1931

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