A supremely located Tudor Revival masterpiece, less than one city block from
the Journal Square Path Stop, 151 Sip Avenue, Jersey City is a once in a
generation asset. This 42 unit apartment home offers its residents 10 minute
one seat transportation to Manhattan. Meticulously taken care of by same
ownership for 24 years, this is the perfect asset to capitalize on the explosive
growth of Journal Square.
The building contains (31) 1 beds, (10) 2 beds and (1) studio. Each unit has heat,
air conditioning and dishwasher. There is a common laundry in the basement.
The lobby and some hallways are ensconced in the original white marble from its
early 1920s construction.
With minimal capex, historically low vacancy and under market rents the new
owner will be well positioned to earn a strong risk adjusted return in the heart of the Journal Square Rennisnace.