412-416 Whiton St - Apartments FOR SALE


Jersey City, NJ 07304- Liberty State Park
$28,500,000 USD
201-383-4044
412-416 Whiton St, Jersey City, NJ for Sale
$28,500,000 USD
Apartments - FOR SALE
1/19
null | 5.91% Cap Rate

412-416 Whiton St
Jersey City, NJ 07304
Liberty State Park


HIGHLIGHTS

  • NO AFFORDABLE
  • NO RENT CONTROL
  • STEPS TO LIBERTY STATE PARK LIGHT RAIL STATION
  • GARAGE PARKINGS, ROOFTOP TERRACE W BBQ, ROOFTOP FITNESS CENTER, SECURED PACKAGE ROOM

OVERVIEW

Redwood Realty Advisors is proud to present Jasmin Terrace II, an 8-story multifamily new construction situated just two blocks from Liberty State Park. Completed in February 2024, this modern building features 56 residential units designed to accommodate a variety of tenant needs: (14) 1-bedroom, 1-bath units; (7) 2-bedroom, 1-bath units; (21) 2-bedroom, 2 bath units; (14) 3-bedroom, 2-bath units. The property also includes a ground-level parking garage with 25 spaces. Each unit is individually metered for utilities, significantly reducing landlord operating expenses. Boasting condo-quality finishes and an array of desirable amenities. Jasmin Terrace II is a premium investment opportunity, perfectly positioned to command high rental income and deliver sustained value for years to come.

FOR SALE DETAILS

PRICE

$28,500,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

56

PRICE/UNIT

$508,929

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jasmin Terrace II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2024

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas McConnellRedwood Realty AdvisorsMore Info
201-383-4044

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Thomas McConnellRedwood Realty AdvisorsMore Info
201-383-4044

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