$1,995,000 236 New York Ave Jersey City, NJ

MLS: 170016760   Type: Investment   County: Hudson   City: Jersey City   Area: Heights   Zip: 07307     Stories: 3   Taxes: $13,000

Mortgage $9,366 /mo



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Smart Investment Opportunity. This legal 7 family home consists of Six 2 Bed/1 Baths and One 3 Bed/2 Bath w/Garage Carriage House. All rents are registered with the city at market rent, tenants are a combination of M-M and 1 year lease. The property has a brand new Green Card, with 5 years remaining. The Carriage Home was just completely gut renovated, some of the 6 units have been updated as well. There is opportunity for future improvement with some of of the 2 bedroom renovations as well as things like W/D room or Storage. Total current RR for this investment is 132,060 annually. Total Expenses are 24,000. NOI 108,060, Equals a 5.4 CAP. One Block from River view Park and 3 blocks from 2nd St Light Rail make this a highly rent-able property and location.

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Price History

9/28/2017 Listed $1,995,000


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Property vs Zip Code Avg (07307)

Price 1.99M Avg 1.95M

Taxes $13,000 Avg $8,895

Visits 42 Avg 38

Days on Site 78 Avg 89

Walkscore® 92 Avg 93

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Listing Provided Courtesy Of: PURE PROPERTIES - 201-942-6234

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Location & Address

Pure Properties
200 Hudson St. Suite 1000
Jersey City, NJ