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19 Jewett Ave 7 Unit Apartment Building $2,400,000 ($342,857/Unit) 7% Cap Rate Jersey City, NJ 07304
INVESTMENT HIGHLIGHTS
- Fully gut-renovated building with hardwood floors
- High registered rents and opportunity to further increase rents
- Nestled among many new construction developments
- Central AC/Heating and separate utilities
- In an Opportunity Zone
- High bedroom count
EXECUTIVE SUMMARY
Gut-renovated 7-unit gem in the heart of McGinley Square, between Monticello Ave and Summit Ave. High NOI (management fee and repairs/reserves are already accounted for). Located in an Opportunity Zone, this beautiful brick veneered/stucco building is predominantly comprised of 3-4 bedrooms and 1-2 bathroom units. Great for a 1031 exchange investor. Private backyard for one of the duplex apartments, and the opportunity to increase rent and add a laundry room in the basement. Nestled down the street from a 99-unit and 38-unit new construction buildings. This neighborhood is prime with redevelopment opportunities, just steps away from Journal Square. All utilities are separate and central AC/heat throughout the building, mini split setup in the basement. All rents have been registered higher than current rents.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,981 | - |
| 3+2 | 1 | $2,500 | - |
| 4+1 | 4 | $2,900 | - |
| 4+2 | 1 | $2,825 | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 06-16802-0000-00031 | Total Assessment | $1,268,900 |
| Land Assessment | $245,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,023,900 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
06-16802-0000-00031
Land Assessment
$245,000
Improvements Assessment
$1,023,900
Total Assessment
$1,268,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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19 Jewett Ave
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