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104 Storms Ave 3,311 SF 100% Leased Retail Building Jersey City, NJ 07306 $1,275,000 ($385.08/SF)
Executive Summary
Property Description
-The property is a value-add, 4-unit, mixed-use building with private backyard
- Commercial tenants include a Bodega and Restaurant
- Apartments consist of two 3B/1BA units
- 23% upside in residential and com m ercial rental income
- Short term leases allow for potential redevelopment
- Located in the McGinley Sq East Redevelopment zone in Jersey City, NJ
- Zoning for 104 Storms allows for multifamily and mixed-use new construction
-The property is a value-add, 4-unit, mixed-use building with private backyard
- Commercial tenants include a Bodega and Restaurant
- Apartments consist of two 3B/1BA units
- 23% upside in residential and com m ercial rental income
- Short term leases allow for potential redevelopment
- Located in the McGinley Sq East Redevelopment zone in Jersey City, NJ
- Zoning for 104 Storms allows for multifamily and mixed-use new construction
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,311 SF
Building Class
C
Year Built
1900
Price
$1,275,000
Price Per SF
$385.08
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
1.52
Lot Size
0.05 AC
Zoning
McGinley Sq E. Redev - - Located in the McGinley Sq East Redevelopment zone in Jersey City, NJ
- Zoning for 104 Storms allows for multifamily and mixed-use new construction
Frontage
25’ on Storms Ave
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-15004-0000-00026 | Improvements Assessment | $409,900 |
| Land Assessment | $91,200 | Total Assessment | $501,100 |
Property Taxes
Parcel Number
06-15004-0000-00026
Land Assessment
$91,200
Improvements Assessment
$409,900
Total Assessment
$501,100
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Presented by
Serhant New Jersey LLC
104 Storms Ave
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