571 W Side Ave - Apartments FOR SALE


Jersey City, NJ 07304- West Side-Hudson
$1,200,000 USD
917-923-3266
571 W Side Ave, Jersey City, NJ for Sale
$1,200,000 USD
Apartments - FOR SALE
1/24
null | 5.85% Cap Rate

571 W Side Ave
Jersey City, NJ 07304
West Side-Hudson


HIGHLIGHTS

  • Tenants pay heat and hot water
  • Lot Size 31x100
  • Below Market Rents
  • Significant upside through capital improvements
  • 3 Vacant units give perfect opportunity to start cap x program
  • Prime Jersey City Location in the heart of thriving business corridor one block to Lincoln Park and adjacent to major bus stops

OVERVIEW

Introducing a rare value-add multifamily in one of Jersey City’s most active and transit-connected corridors. Below-market rents, tenant-paid heat/hot water, and three vacant units create immediate upside and a strong start for a full cap-ex program. The 31 x 100 lot holds classic 2BR railroad layouts with strong rental demand and long-term appreciation potential. Just one block from Lincoln Park and steps to major bus routes, shops, and daily conveniences. A high-upside, scalable investment in a prime location — ideal for long-term growth and repositioning.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

5.85%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,861 SF

ZONING

-

APN/PARCEL ID

06-18206-0000-00027

ASK ABOUT THIS PROPERTY

Jesse ToledanoModern SpacesMore Info
917-923-3266

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Jesse ToledanoModern SpacesMore Info
917-923-3266

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