130-132 Griffith St - Multi-Family FOR SALE


Jersey City, NJ 07307- The Heights
$2,175,000 USD
917-582-3181
130-132 Griffith St, Jersey City, NJ for Sale
$2,175,000 USD
Multi-Family - FOR SALE
1/11
null | 4.93% Cap Rate

130-132 Griffith St
Jersey City, NJ 07307
The Heights


HIGHLIGHTS

  • Minutes to Hoboken, Downtown Jersey City
  • Proximity to transporation to NYC
  • Major upside potential

OVERVIEW

Rare opportunity featuring 2 side by side 3-family buildings comprised of a corner lot and adjacent building on a combined 40’ x 77’ lot in the heart of Jersey City Heights, one of the area’s most desirable and rapidly appreciating neighborhoods. Apartments are all 2 bed/1bath. Building also offers 2 car parking adding additional income.***No Rent Control – $140,376 -Current Gross ***$222,000- Potential Gross. Investors may choose to reposition the asset and capture upside through lease turnover and targeted CapEx. With a projected 6.38% cap rate achievable through renovation and rent growth, the property offers both immediate income and long-term appreciation, all in a thriving location just minutes from Hoboken, Downtown Jersey City, Weehawken, and New York City. Contact for detailed income and expenses AND pricing on the complete three-building package.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$706 USD /SF

# OF UNITS

6

PRICE/UNIT

$362,500

CAP RATE

4.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

06-02901-0000-00017,06-02901-0000-00018

ASK ABOUT THIS PROPERTY

Gilli Axel, Compass Real EstateCompass New Jersey, LlcMore Info
917-582-3181

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Gilli Axel, Compass Real EstateCompass New Jersey, LlcMore Info
917-582-3181

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