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Mcginley Square 19 Orchard St 6 Unit Apartment Building $1,575,000 ($262,500/Unit) 6.48% Cap Rate Jersey City, NJ 07306
INVESTMENT HIGHLIGHTS
- Exempt from rent control
- Average Rents $2,003, with Market Rents $2,400+
- Landlord pays for common area electric & sewer
- 20% Upside
- 100% Free Market (rent control exempt)
- Prime Location in McGinley Square
EXECUTIVE SUMMARY
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
PROPERTY FACTS
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $262,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.48% | Building Size | 4,500 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | ||
| Zoning | R-2 | ||
| Price | $1,575,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,500 SF |
| No. Stories | 3 |
| Year Built | 1993 |
| Zoning | R-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 06-15201-0000-00041 | Improvements Assessment | $378,800 |
| Land Assessment | $210,000 | Total Assessment | $588,800 |
PROPERTY TAXES
Parcel Number
06-15201-0000-00041
Land Assessment
$210,000
Improvements Assessment
$378,800
Total Assessment
$588,800
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Mcginley Square | 19 Orchard St
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