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111 Prospect St
Jersey City, NJ 07307
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1900 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
About 111 PROSPECT ST , JERSEY CITY, NJ 07307
Solid, six family building in prime Heights location close to Journal Square, the Central Ave shops and restaurants, the brand new Franklin L Williams middle school and Pershing Field which is loaded with tenant amenities. This fully occupied building consists of 2 bedroom railroad style apartments less than a mile from Journal Square’s PATH and city center plus direct bus lines to midtown on the corner. Current 5% Cap Rate with upside that can be unlocked through capital improvements that will allow for higher rents. Rents are as follows: 1L-$615, 2L-$535, 3L-$1450, 1R-$1200, 2R-$950, 3R-$1100. Tenants pay for their own heat. Don’t miss this great investment opportunity in Jersey City.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 06-04906-0000-00010 | Improvements Assessment | $485,000 |
| Land Assessment | $315,000 | Total Assessment | $800,000 |
Property Taxes
Parcel Number
06-04906-0000-00010
Land Assessment
$315,000
Improvements Assessment
$485,000
Total Assessment
$800,000
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