$4,800,000 61 Erie St Jersey City, NJ

MLS: 170008705   Type: Investment   County: Hudson   City: Jersey City   Area: Downtown   Zip: 07302     Stories: 5

Mortgage $22,535 /mo

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PRISTINE, TURNKEY 7 UNIT MIXED USE BUILDING. 61 Erie is one of the highest quality renovated historic properties in downtown Jersey City and certainly the only one of its caliber to hit the market in years. Oversized and grandfathered for the lot, this 7 unit condo (6 two bed/two bath over 1 street level retail) building is being sold as one and was gut-renovated in 2014 including all new mechanicals, roof, plumbing and electric, HVAC for each unit, historical façade restoration, and new foundation. The street level retail space is home to a very popular Italian gourmet bakery. The upper floors each have two units. All are 2 bed 2 bath with high-end finishes. The basement is fully upgraded with rebuilt foundation walls, new sprinkler room, bathrooms, office, and storage for the retail space above. The property is ideally located on the pedestrian-busy Erie Street corridor and next the bustling Newark Avenue pedestrian plaza/restaurant row. The Grove Street PATH Station is about 4 blocks or a 6 minute walk giving quick and easy access to both the 33rd St and the World Trade Center PATH lines to Manhattan. Commute times are 18 minutes to midtown, 7 minutes to the lower Manhattan transportation hub.

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Price History

5/23/2017 Listed $4,800,000

Class CI INVESTMENT - SALE ONLY

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Direct Link:

http://www.searchpropertiesbysouthern.com/property/102-170008705-61-Erie-St-Jersey-City-NJ-07302

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Property vs Zip Code Avg (07302)

Price 4.80M Avg 2.50M

Visits 43 Avg 115

Days on Site 87 Avg 195

Walkscore® 98 Avg 89

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Listing Provided Courtesy Of: KELLER WILLIAMS CITY LIFE JC REALTY - 201-433-1111




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Location & Address

Pure Properties
200 Hudson St. Suite 1000
Jersey City, NJ
973-845-4260