Apartment Buildings /NJ /Hudson County /Jersey City /11 Armstrong Ave
Apartment Buildings /NJ /Hudson County /Jersey City /11 Armstrong Ave

11 Armstrong Ave - Apartments FOR SALE


Jersey City, NJ 07305- Greenville | 
$3,500,000 USD
732-750-3000
11 Armstrong Ave, Jersey City, NJ for Sale
$3,500,000 USD
Apartments - FOR SALE
1/2
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11 Armstrong Ave
Jersey City, NJ 07305
Greenville

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HIGHLIGHTS

  • Value-add multifamily
  • Below market rents in a great rental growth market
  • Opportunity to increase rents through capital improvements
  • Rent control is 4% annual increases or vacancy capital improvements formula to increase rents to market

OVERVIEW

The property is a four-story building with 22 residential units.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

22

PRICE/UNIT

$159,091

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

4

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,342 SF

ZONING

-

APN/PARCEL ID

06-25901-0000-00016

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.

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