19 Jewett Ave Jersey City, NJ 07304
Property Features for 19 Jewett Ave
General Information
- Lot size
- 0.07 Acres
Source: WEST HOBOKEN RESIDENTIAL LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated 7-Unit Building in McGinley
This is a gut-renovated 7-unit building located in the McGinley Square area of Jersey City, situated between Monticello Ave and Summit Ave. The brick veneered and stucco building is located in an Opportunity Zone. The units are predominantly comprised of 3 to 4 bedrooms and 1 to 2 bathrooms. The building is fully occupied. The current CAP-RATE is 6.7%, inclusive of all management fees. A duplex apartment features a private backyard. There is potential to increase rents and add a laundry room in the basement. The property is located near new construction buildings with 99 and 38 units, as well as many development sites. The neighborhood is near Journal Square and offers redevelopment opportunities. All utilities are separate, and the building features central AC and heat throughout, with a mini-split setup in the basement. All legal base rents have been registered higher than current rents.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0677806
- Latitude
- 40.7202933
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Gut-renovated 7-unit building in McGinley Square, Jersey City.
Where is this apartment building located?
The property is located at 19 Jewett Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: - Gut-renovated 7-unit building in the heart of McGinley Square.; - High 6.7% CAP-RATE including all management fees.; - Located in an Opportunity Zone with redevelopment potential.