319 Summit Ave | Jersey City, NJ 07306
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- LoopNet Team
319 Summit Ave
Jersey City, NJ 07306
Multifamily Property For Sale
·
21 Units
Investment Highlights
- VALUE-ADD MULTIFAMILY
- Opportunity to increase rent through capital improvements
- Below market-rate rentals
- Rent control: Annual CPI increases - December 2021 3.8%
Property Facts
| No. Units | 21 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 25,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1920 |
| Building Class | C |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 25,000 SF |
| No. Stories | 4 |
| Year Built | 1920 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 06-12201-0000-00022 | Improvements Assessment | $1,378,400 |
| Land Assessment | $1,155,000 | Total Assessment | $2,533,400 |
Property Taxes
Parcel Number
06-12201-0000-00022
Land Assessment
$1,155,000
Improvements Assessment
$1,378,400
Total Assessment
$2,533,400
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