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244 2nd St
Jersey City, NJ 07302
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,600 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1920 |
| Zoning | Multifamily | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | Multifamily |
About 244 2ND ST , JERSEY CITY, NJ 07302
Marcus & Millichap is pleased to offer the following opportunity located in Harsimus Cove, Jersey City, New Jersey. The offering consists of a brick four-story walk up multifamily building comprised of eight apartments all three bedrooms and one bathroom. The property lies on a 25x100 lot, located between Erie Street and Manila Avenue (Grove Street) on 2nd Street. All units are separately metered for heat, cooking gas, hot water and electricity. Upside: Investing in capital improvements in current four vacant apartments and begin to vacate remaining occupied apartments. Storage can be built in basement for additional income. Value-Add: Potential basement apartment with necessary capital improvements required by code from Jersey City Zoning & Building Department. The property offers investors the rare opportunity to purchase a multifamily dwelling in a prime location with potential condo conversion. Three of the vacant units have begun the beginning stages of gut renovation having new bathrooms and boilers already installed.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
Property Taxes
| Parcel Number | 06-11301-0000-00016 | Improvements Assessment | $1,904,200 |
| Land Assessment | $520,000 | Total Assessment | $2,249,500 |
Property Taxes
