Apartment Buildings /NJ /Hudson County /Jersey City /229 Summit Ave
Apartment Buildings /NJ /Hudson County /Jersey City /229 Summit Ave

229 Summit Ave - Apartments FOR SALE


Jersey City, NJ 07304- McGinley Square | 
$1,625,000 USD
201-218-9156
229 Summit Ave, Jersey City, NJ for Sale
$1,625,000 USD
Apartments - FOR SALE
1/3
null | 6.87% Cap Rate
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229 Summit Ave
Jersey City, NJ 07304
McGinley Square

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HIGHLIGHTS

  • 19% Upside
  • Average Rents $2,013, with Market Rents $2,400
  • 8.65% Cash on Cash Return
  • 5 Parking Spots
  • New Boilers & Heaters – 2024
  • All Separately Metered

OVERVIEW

Broker of Record Patrick Forde License # 2330333 (NJ) Matthews Real Estate Investment Services, Inc 300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

6

PRICE/UNIT

$270,833

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mcginley Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,315 SF

ZONING

-

APN/PARCEL ID

06-15104-0000-00001

ASK ABOUT THIS PROPERTY

David FerberMatthews Real Estate Investment ServicesMore Info
201-218-9156

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David FerberMatthews Real Estate Investment ServicesMore Info
201-218-9156

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