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Incredible investment in JSQ redevelopment and opportunity Zone. This ground-up 2017, newly constructed 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and four 2 bed & 2 bath units. 6 of the 8 units have outdoor space. All units have in-unit washer dryer closets and on-demand hot water heaters in-unit utility closets, equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $210,000, 2019 expenses were ~ $ 18,000, providing a 5.9% cap rate. A great alternative for a 1031 exchange client.
Elementary School |
Middle School |
High School |
| Click Here Distance: N/A Miles |
Click Here Distance: N/A Miles |
Click Here Distance: N/A Miles |
Price History
| 11/4/2020 | Listed $325,000,000 |
| 11/5/2020 | 99% - $3,250,000 |
| Class | CI INVESTMENT - SALE ONLY |
| Listing Area | JC, Journal Square |
| Status | ACTIVE |
| Status | Active |
| Stories | 3 |
| Taxes | 6776 |
| Type | Investment |
Exterior Features
| Lot Dimensions | 25 X 100 |
Property
Schools
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the Hudson County MLS. Real estate listings held by brokerage firms other than Pure Properties are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be inte