409 Ocean Ave - Apartments FOR SALE


Jersey City, NJ 07305- Greenville
$4,350,000 USD
347-243-7060
409 Ocean Ave, Jersey City, NJ for Sale
$4,350,000 USD
Apartments - FOR SALE
1/22
null | 6.78% Cap Rate

409 Ocean Ave
Jersey City, NJ 07305
Greenville


OVERVIEW

"THE OCEAN" is a "CLASS A" mixed use 17 unit brick building, located in the vibrant section of Greenville Jersey City!!! This 3 story walkup has gone through a complete renovation and conversion from warehouse to residential. The property offers a strong mix of 12-two bedroom, with 4-one bedroom units. Plus an approx 1400 sqf retail space being leased to a local daycare. All units feature hardwood floors, granite countertops, central AC, washed dryer hookups in the units with many more upgrades. All utilities such as heat, gas, hot water and electric are separate and paid by the tenants. Currently generating strong rental income with room for upside. The property has never been registered yet since the rehabilitation. Conveniently located a few blocks to the LIGHT RAIL, buses, highways, shopping, Bayside and Liberty Parks and so on!!

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

17

PRICE/UNIT

$255,882

CAP RATE

6.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"THE OCEAN"

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-2

APN/PARCEL ID

06-25802-0000-00024

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 Policy.