123 Collard St

Incredible multi-family opportunity in the high-demand Journal Square market! Located at 123 Collard Street, this multi-unit property is tucked away at the quiet end of the street, offering a rare blend of urban privacy and immense structural potential. The building features a solid, timeless construction, offering the perfect blank canvas to be fully customized to your exact liking after the sale. Backed by a proven track record, this property has historically enjoyed high rental demand and low vacancy rates, making it a highly secure asset for value-add investors, flippers, or savvy buyers. The premier location drives this consistent performance. Commuters enjoy an effortless daily trip with the Journal Square PATH Station within easy walking distance, offering rapid, direct transit into New York City. Exceptional neighborhood convenience is right at your doorstep, as Patricia M. Noonan Elementary School (PS #26) is located really close by. Additionally, this quiet pocket benefits from the unique convenience of adequate street parking right near the home. For Investors: Capitalize on this asset's structural integrity and low turnover history by updating the units to capture top-tier market rents. For Homeowners: Maximize your financial leverage by "house-hacking"—live in one unit while letting the high-demand rental income from the other pay your mortgage as you remodel to your taste over time. NOTE: Tenant occupied 2nd floor unit with 3 bedrooms 1 bath, brings in $2000 rent. Owner occupied basement & first floor could be rented together for $3200. 1st floor(2 bedrooms, 1 bath, living room, eat in kitchen & office) plus finished basement(full bath, living room, two bedrooms and kitchenette). Multi-family properties combining solid construction, proven rental history, transit proximity, and end-of-street privacy are rare. Bring your contractor and your vision—schedule your private tour today. Property sold strictly as-is. schedule a private weekends ONLY, showing between 1:00 PM and 5:00 PM.