60 Ocean Ave, Jersey City, NJ, 07305 - Available for Sale

Multifamily For Sale

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60 Ocean Ave

60 Ocean Ave, Jersey City, NJ 07305

$750,000

32 Units | Multifamily

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Multifamily Property For Sale - In Contract Get Financing

Price:
$750,000
No. Units:
32
Building Size:
7,500 SF
Price/Unit:
$23,437.50
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
12%
Gross Rent Multiplier:
3
Lot Size:
9,331 SF
Listing ID
17691695
Last Updated
28 days ago

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Description

Corner Commercial building with 31 rooms (SRO)- Bar with class C+D liquor license. 5 car garage and 10 car parking lot. All offers, showings and negotiations though listing Broker

Corner of Gates

Financial Summary

  • Actual
  • $90,000

Map of 60 Ocean Ave, Jersey City, NJ 07305 (Hudson County)

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Presented by Michael Cervelli Real Estate
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Chris Cervelli, CCIM, CPM
Chris Cervelli, CCIM, CPM

Investment Specialist in North New Jersey

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License #9807944

Asking Price Index Trends for Jersey City, NJ Multifamily For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$89,487+0.7%+3.0%
-
Metro
$218,718+7.3%+30.1%
-
County
$131,137+6.2%+32.4%
-
City
$105,112-0.3%+14.6%

View Jersey City Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 6/5/2012
60 Ocean Ave
  • Multifamily
  • $750,000
  • 32 Units
  • 7,500 SF