551-204-1361
196 Morgan St, Jersey City, NJ for Sale
Loft/Creative Space - FOR SALE
1/15
null | Request Cap Rate

196 Morgan St
Jersey City, NJ 07302
Downtown Jersey City


OVERVIEW

Grid Real Estate has been retained exclusively to market for sale this rare opportunity for redevelopment 1/2 block from Grove Street PATH station and Restaurant Row. This building is currently sitting with month to month tenancy with rents 75% below market. Building has three sides of exposure and entire eastern facade boasts 18 windows and views of New York City. As of right zoning in the Morgan Grove Marin RDP allows additional FAR. First floor tenancy is a dance studio while second and third floor are residential units with multiple bathrooms and W/D. Non functioning elevator in place. Repositioning building with market rate NNN retail tenancy will significantly expand cap rate and will help LTV/acquisition. Showings start immediately. Please inquire today.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Morgan Grove Marin, NC

APN/PARCEL ID

06-11507-0000-00025

ASK ABOUT THIS PROPERTY

Chris VitielloGrid Real Estate LLCMore Info
551-204-1361

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Chris VitielloGrid Real Estate LLCMore Info
551-204-1361

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