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202-204 Ocean Ave
Jersey City, NJ 07305
Retail Property For Sale
Investment Highlights
- 10 Units
- 6.89% Cap rate / 10.54% Pro forma Cap rate
- Average rent is $1,631 – Market rent is $2,175 ($540+ difference on turnover)
- 33% Upside
- 6.26% Cash on cash return
- 8 Residential Units
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,800 SF
Building Class
C
Year Built
1930
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.56
Lot Size
0.10 AC
Zoning
R1 - Located in the Greenville neighborhood of Jersey City between Linden Ave & Danforth Ave on a densely populated block.
Frontage
Property Taxes
| Parcel Number | 06-28802-0000-00045 | Improvements Assessment | $1,495,800 |
| Land Assessment | $140,200 | Total Assessment | $1,636,000 |
Property Taxes
Parcel Number
06-28802-0000-00045
Land Assessment
$140,200
Improvements Assessment
$1,495,800
Total Assessment
$1,636,000
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