331 Baldwin Ave - Apartments FOR SALE


Jersey City, NJ 07306- Journal Square
$2,899,000 USD
347-243-7060
331 Baldwin Ave, Jersey City, NJ for Sale
$2,899,000 USD
Apartments - FOR SALE
1/27
null | 6.71% Cap Rate

331 Baldwin Ave
Jersey City, NJ 07306
Journal Square


HIGHLIGHTS

  • The property's proximity to Hudson County Community College, Saint Peter's University, retail amenities, restaurants, and public transportation.
  • Journal Square continues to experience significant residential and mixed-use development, supporting long-term rental growth.

OVERVIEW

Great opportunity to acquire a 9 unit brick investment property, offering stable in place income with significant long term upside. Generating approximately $194,000 in current NOI. Priced at $2.899M, situated within Jersey City’s Journal Square 2060 Redevelopment Zone, the building spans four stories plus a high-ceiling basement. Remodeling and condominium conversion potential with a possibility of property being delivered fully vacant. The lower-level units may offer the opportunity to be duplexed with the basement, while the zoning may permit the addition of up to two stories as of right, subject to buyer due diligence and municipal confirmation. 32.79 x 94.49 lot with a building footprint of approximately 32.79 x 77. Minutes from the Journal Square Transportation Center, the property provides direct PATH access to Manhattan and is surrounded by residential and commercial developments.

FOR SALE DETAILS

PRICE

$2,899,000 USD

PRICE/SF

$443 USD /SF

# OF UNITS

9

PRICE/UNIT

$322,111

CAP RATE

6.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,097 SF

ZONING

-

APN/PARCEL ID

06-08202-0000-00017

ASK ABOUT THIS PROPERTY

Mordy AbeleszeXp RealtyMore Info
347-243-7060

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Mordy AbeleszeXp RealtyMore Info
347-243-7060

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