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11 Armstrong Ave Jersey City, NJ 07305

For Sale
$3,500,000

Four-story building with 22 units in Jersey City, NJ.

Source: Davis Briones Agent Davis Briones

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Jersey City Multifamily Investment Opportunity

This four-story building features 22 residential units and is located in Jersey City, New Jersey. The property presents a value-add multifamily opportunity within a market demonstrating strong rental growth. There is potential to increase rents through capital improvements. Current rent control allows for 4% annual increases or the implementation of a vacancy capital improvements formula to raise rents to market rates.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Jersey City
County
Hudson
State
New Jersey
Longitude
-74.0825066
Latitude
40.6991037

FAQs

What type of property is this?
Apartment building - Four-story building with 22 units in Jersey City, NJ.
Where is this apartment building located?
The property is located at 11 Armstrong Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Value-add multifamily property; - Located in Jersey City, NJ; - Below market rents in a great rental growth market
More about this property
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