61 Ocean Ave Jersey City, NJ 07305
- Mixed-use properties
- 6,300 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 61 Ocean Ave
- Property size
- 6,300 SF
- Property type
- Mixed-use properties
Description
This exceptional three-story mixed-use building, located at 61-63 Ocean Avenue in Jersey City, New Jersey, presents a compelling investment opportunity. The property boasts a substantial 6,300 square feet of space, distributed across six units, and sits on an oversized corner lot, providing convenient access from two streets. The brick building offers a classic aesthetic and is currently 84% occupied, generating a strong 6.20% cap rate at an asking price of $995,000. The property features wrap-around parking, a significant advantage in this desirable Jersey City location (zip code 07305). Each unit benefits from separate utilities, simplifying management and maintenance. The building's strategic location within Hudson County offers excellent potential for future appreciation and strong rental income. This is a rare chance to acquire a well-maintained, mixed-use property with significant upside in a thriving urban market. The property's size and configuration make it ideal for a variety of uses and investment strategies. Its strong occupancy rate and attractive cap rate make it a particularly attractive investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0967
- Latitude
- 40.691
