551-204-1361
151 Sip Ave, Jersey City, NJ for Sale
Apartments - FOR SALE
1/26
null | Request Cap Rate

151 Sip Ave
Jersey City, NJ 07306
Journal Square


HIGHLIGHTS

  • Less than 1 City Block to JSQ Path
  • Great Unit Mix
  • Very well maintained

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

42

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

Zone 6

APN/PARCEL ID

06-12103-0000-00010

ASK ABOUT THIS PROPERTY

Chris VitielloGrid Real Estate LLCMore Info
551-204-1361

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

Chris VitielloGrid Real Estate LLCMore Info
551-204-1361

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