19 Jewett Ave - Apartments FOR SALE


Jersey City, NJ 07304- McGinley Square
$2,600,000 USD
551-556-3738
19 Jewett Ave, Jersey City, NJ for Sale
$2,600,000 USD
Apartments - FOR SALE
1/28
null | 6.28% Cap Rate

19 Jewett Ave
Jersey City, NJ 07304
McGinley Square


HIGHLIGHTS

  • Fully gut-renovated building with hardwood floors
  • Central AC/Heating and separate utilities
  • In an Opportunity Zone
  • High registered rents
  • Opportunity to further increase rents
  • Nestled among many new construction developments

OVERVIEW

Introducing this gut-renovated 7-unit gem in the heart of McGinley Square, between Monticello Ave and Summit Ave. Just down the street from a 99-unit and 38-unit new construction buildings. This neighborhood is prime with redevelopment opportunities, just steps away from Journal Square. This beautiful brick veneered/stucco building is predominantly comprised of 3-4 bedrooms and 1-2 bathroom units. Private backyard for one of the duplex apartments, and the opportunity to increase rent and add a laundry room in the basement. All utilities are separate and central AC/heat throughout the building, mini split setup in the basement. All rents have been registered higher than current rents.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

7

PRICE/UNIT

$371,429

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 Jewett Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,043 SF

ZONING

r-1

APN/PARCEL ID

06-16802-0000-00031

ASK ABOUT THIS PROPERTY

Kelly BastidasWest Hoboken ResidentialMore Info
551-556-3738

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Kelly BastidasWest Hoboken ResidentialMore Info
551-556-3738

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