134 COTTAGE STJersey City, NJ, 07306
$ 3,250,000Bedrooms-- Baths12.0
for $3,250,000 with 12 full baths. The lot size is 25 X 100.
Incredible investment in JSQ redevelopment and opportunity zone! This ground-up newly constructed in 2017, 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and 4 two bed & two bath units. 6 of the 8 units have outdoor space. All units feature washer dryer closets and on-demand hot water heaters, nd are equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $195, 600, 2020 expenses were ~ $ 26, 800. 4.6% Cap rate. Conveniently located near the Journal Square Path station connecting you directly to Manhattan. Journal Square is the center of Hudson County's revitalization and provides great opportunity for long term demand increase. A great alternative for a 1031 exchange client. Tax abatement ends June 30th. 2022.
List By Jersey City Downtown
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Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Commerical listings in Jersey City, NJ
Average List Price $1,591,106
Percent of Sale Price 51%
About Jersey City, NJ
$ 68,187 Median Income
37.13 Median Age
27% Households with Children