202-204 Ocean Ave, Jersey City, NJ 07305
6,800 SF | 100% Leased | Retail Building | Jersey City, NJ 07305 | $1,650,000 ($243/SF) | 6.89% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,650,000
- Property Type
-
Retail
- Square Feet
- 6,800 SF
- Price / Square Foot
- $243
Listing Contacts
David Ferber
Verified Profile
Jordan Anhalt
Verified Profile
Jermaine Pugh
Verified Profile
DJ Johnston
Verified Profile
- Property Info
Property Overview
Broker of Record
Patrick Forde
License No. 2330333 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Patrick Forde
License No. 2330333 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Details
- Class
- C
- Year Built
- 1930
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 4,356 SF
Highlights
- 10 Units
- 33% Upside
- 6.89% Cap rate / 10.54% Pro forma Cap rate
- 6.26% Cash on cash return
- Average rent is $1,631 – Market rent is $2,175 ($540+ difference on turnover)
- 8 Residential Units
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