150 Monticello Ave - Apartments FOR SALE


Jersey City, NJ 07304- McGinley Square
$1,199,000 USD
201-868-6300
150 Monticello Ave, Jersey City, NJ for Sale
$1,199,000 USD
Apartments - FOR SALE
1/16
null | 4.84% Cap Rate

150 Monticello Ave
Jersey City, NJ 07304
McGinley Square


OVERVIEW

Acquire a mint-condition 5-unit mixed-use property located on highly trafficked Monticello Avenue, just minutes from Journal Square, offering tremendous upside in rental income. The property features two income-producing commercial spaces and three residential apartments, separate utilities, no rent control, and has been fully renovated within the past 10 years. Well-maintained and centrally located, it provides convenient access to shopping, dining, schools, and public transportation to New York City, making it a prime, turn-key investment opportunity with strong long-term growth potential.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

5

PRICE/UNIT

$239,800

CAP RATE

4.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,962 SF

ZONING

-

APN/PARCEL ID

06-16903-0000-00002

ASK ABOUT THIS PROPERTY

Christopher CervelliMichael Cervelli Real Estate, LLCMore Info
201-868-6300

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Christopher CervelliMichael Cervelli Real Estate, LLCMore Info
201-868-6300

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