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136-138 Grant Ave 18 Unit Apartment Building $3,647,000 ($202,611/Unit) 6% Cap Rate Jersey City, NJ 07305



Investment Highlights
- 18 Units | Renovated Units | Large Oversized Units
- Security Cameras throughout Building
- Tenant pays for heat, hot water, cooking gas & electric
- New Boilers & Water Heaters within the Last Five Years
- All Separately Metered | Less than 40 minutes to New York City
- Landlord pays for common area electric, sewer & water
Executive Summary
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Ste. 440, Teaneck, NJ 07666
(866) 889-0550
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Ste. 440, Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $3,647,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $202,611 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6% | Building Size | 12,100 SF |
| No. Units | 18 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $3,647,000 |
| Price Per Unit | $202,611 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 12,100 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
Unit Amenities
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,601 | 663 |
| 2+1 | 2 | $1,620 | 750 |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,489,700 | |
| Land Assessment | $744,100 | Total Assessment | $2,233,800 |
Property Taxes
Parcel Numbers
Land Assessment
$744,100
Improvements Assessment
$1,489,700
Total Assessment
$2,233,800
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136-138 Grant Ave
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