203 Monticello Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07304- McGinley Square
$3,850,000 USD
551-556-3738
203 Monticello Ave, Jersey City, NJ for Sale
$3,850,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | 5.7% Cap Rate

203 Monticello Ave
Jersey City, NJ 07304
McGinley Square


HIGHLIGHTS

  • Corner, brick buildings in an opportunity zone and redevelopment area

OVERVIEW

Three beautiful brick buildings for sale-–11 residential + 4 commercial units. Fully occupied except for one commercial unit. Five renovated, six value-add residential units. Stainless steel finishes & exposed brick in the 201-203 Monticello building. All free-market units-- two mixed-use buildings and an adjacent three-family, located in a redevelopment area and opportunity zone! NO RENT CONTROL. As-of-right development option: 5-story new construction 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

1950

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.