201 Monticello Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07304- McGinley Square
$3,850,000 USD
551-556-3738
201 Monticello Ave, Jersey City, NJ for Sale
$3,850,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | 5.7% Cap Rate

201 Monticello Ave
Jersey City, NJ 07304
McGinley Square


HIGHLIGHTS

  • Corner, brick buildings
  • Three buildings
  • Value-add
  • No rent contrrol
  • Opportunity Zone
  • Redevelopment Area

OVERVIEW

Three-Building Portfolio — McGinley Square, Jersey City Address: 197-203 Monticello Ave & 80 Jewett Ave, Jersey City, NJ Neighborhood: McGinley Square Proximity: Minutes to Journal Square PATH; across from new Montessori Education Center Property Summary Buildings: 3 Units: 11 Residential + 4 Commercial Zoning: Jackson Hill – Neighborhood Mixed Use Combined Lot Size: ±6,900 SF Construction: Brick Investment Highlights Located in a Redevelopment Area – build up to 5 stories as-of-right, or 6 stories with variance (only 5% affordable housing requirement) Within a Designated Opportunity Zone No Rent Control Surrounded by multiple approved development sites Strong growth corridor near Journal Square and Monticello Ave retail Addresses: 197-199 Monticello Ave 201-203 Monticello Ave 80 Jewett Ave

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Jackson Hill

APN/PARCEL ID

06-16703-0000-00015,06-16703-0000-00016

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 Notice.