Log In/Sign Up
Your email has been sent.
198 GRIFFITH St 6 Unit Apartment Building $1,435,000 ($239,167/Unit) 6.82% Cap Rate Jersey City, NJ 07307
Executive Summary
Solid modern and renovated 6 Unit residential investment property centrally located in Jersey City Heights one of Jersey City's most sought-after neighborhoods, and in walking distance to stores, shops, restaurants & transportation. Where solid 6 unit class A investments are hard to come by. This property checks all the boxes investors are looking for. Strong Cash Flow of $134,666.64, Updated and Modern Units, high demand units that cater to both single occupant or family occupant tenants that will provide minimum vacancy throughout the ownership. Four units were gut renovated approximately 12 to 15 years ago and 2 units were renovated within the last 3 years. All 6 units have modern appliances, granite or quartz countertops
Property Facts
| Price | $1,435,000 | Apartment Style | Low-Rise |
| Price Per Unit | $239,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.82% | Building Size | 3,102 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | ||
| Zoning | N/Av | ||
| Price | $1,435,000 |
| Price Per Unit | $239,167 |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,102 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | N/Av |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-02801-0000-00049 | Improvements Assessment | $510,000 |
| Land Assessment | $270,000 | Total Assessment | $780,000 |
Property Taxes
Parcel Number
06-02801-0000-00049
Land Assessment
$270,000
Improvements Assessment
$510,000
Total Assessment
$780,000
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
198 GRIFFITH St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.