2808-2820 John F Kennedy Blvd - Apartments FOR SALE


Jersey City, NJ 07306- Journal Square
$14,700,000 USD
516-343-0013
2808-2820 John F Kennedy Blvd, Jersey City, NJ for Sale
$14,700,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

2808-2820 John F Kennedy Blvd
Jersey City, NJ 07306
Journal Square


HIGHLIGHTS

  • Two-minute walk to Journal Square Path Station which provides direct train service to Manhattan, Downtown Jersey City and Hoboken
  • Remarkable Walk Score of 98
  • Located in the middle of the thriving Journal Square neighborhood
  • Mixed-use building consisting of apartments and street-level retail

OVERVIEW

CBRE, Inc. has been retained as the exclusive advisor for the sale of 2808-2822 Kennedy Boulevard (“Property”), a value-add mixed use building surrounded by Journal Squared and The Journal consisting of multiple 50+ story new luxury apartment buildings and located in the thriving Journal Square neighborhood of Jersey City, NJ. The Property is ideally positioned within a one block walk from the Journal Square PATH station which provides direct train service to Manhattan (17± minutes), Downtown Jersey City (7± minutes), and Hoboken (13± minutes). The Property features 14 one-bedroom apartments, 18 two-bedroom apartments, 4 three-bedroom apartments, as well as 8,016± square feet of retail space (100% leased). 2808-2822 Kennedy Boulevard has been well maintained and is a prime candidate for a strategic value-add improvement program aimed at improving existing unit finishes. Renovating the units upon turnover will allow an investor to push in-place rents nearly 51%, or $768/month, on average.

FOR SALE DETAILS

PRICE

$14,700,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

36

PRICE/UNIT

$408,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,250 SF

ZONING

-

APN/PARCEL ID

06-10602-0000-00001

ASK ABOUT THIS PROPERTY

Fahri OzturkCBREMore Info
516-343-0013

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Fahri OzturkCBREMore Info
516-343-0013

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