202 Hutton St
Jersey City, NJ 07307
The Heights
HIGHLIGHTS
- 6-unit value-add multifamily in The Heights, Jersey City with 6.65% cap rate.
- 17% upside in rents with all two-bedroom renovated units and separate meters.
- Tenants pay heat, cooking gas, and electric; landlord pays water/sewer only.
- Prime location just 6 minutes to bus stop with 28-minute ride to Midtown Manhattan.
- Strong in-place NOI of $94,296 and attractive price per SF of $315.
- All units are two-bedroom layouts, appealing to a wide tenant base.
FOR SALE DETAILS
PRICE
$1,418,000 USD
PRICE/SF
$278 USD /SF
# OF UNITS
6
PRICE/UNIT
$236,333
CAP RATE
6.65%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1900
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,483 SF
ZONING
R-2, Jersey City
APN/PARCEL ID
06-03601-0000-00068
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201-218-9156
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201-218-9156
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