91 Romaine Ave - Apartments FOR SALE


Jersey City, NJ 07306- Journal Square
$1,600,000 USD
212-844-9393
91 Romaine Ave, Jersey City, NJ for Sale
$1,600,000 USD
Apartments - FOR SALE
1/24
null | 4.58% Cap Rate

91 Romaine Ave
Jersey City, NJ 07306
Journal Square


OVERVIEW

Developers and Multifamily Investors Delight! Welcome to 91 Romaine Ave, a premium 3 story, 7-unit residential building in the heart of Journal Square, on an oversized 3,337 SQFT oversized lot in R3 Zone. Property is fully occupied with below market rents, offering an upside of up to 59%. Four of the 7 units have been recently renovated. Each unit comes with its own water boiler and PSEG meters. Landlord pays for water, sewer, common electric, trash removal and pest control. Buy and Great Investment with high appreciation in an excellent location. Current R3 Zoning allows for a 4 story building. Collect rents while the land/property appreciates at 8% - 10% yearly rate in the fastest redeveloping neighborhood of Jersey City, Prime Journal Square sub-market. Minutes to Journal Square Path Train, direct trains to NYC Downtown at World Trade Center and Midtown at 33rd Street Station.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,571

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

N/Av

APN/PARCEL ID

06-10502-0000-00047

ASK ABOUT THIS PROPERTY

Minni ChalanaeXp RealtyMore Info
212-844-9393

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Minni ChalanaeXp RealtyMore Info
212-844-9393

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