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33-35 Storms Ave 12 Unit Apartment Building $2,915,000 ($242,917/Unit) 6% Cap Rate Jersey City, NJ 07306
Investment Highlights
- 12-unit
- 16% Upside
- Separately metered units; tenants pay cooking gas and electric, landlord pays heat and water.
- Rent Control Exempt
- 6% Cap Rate
Executive Summary
Patrick Forde
Matthews Real Estate Investment Services, Inc
License # 2330333, 122887 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 2330333, 122887 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $2,915,000 | Apartment Style | Low-Rise |
| Price Per Unit | $242,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6% | Building Size | 7,950 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | R-1 | ||
| Price | $2,915,000 |
| Price Per Unit | $242,917 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,950 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R-1 |
Amenities
Unit Amenities
- Air Conditioning
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-15203-0000-00027 | Improvements Assessment | $757,600 |
| Land Assessment | $420,000 | Total Assessment | $1,177,600 |
Property Taxes
Parcel Number
06-15203-0000-00027
Land Assessment
$420,000
Improvements Assessment
$757,600
Total Assessment
$1,177,600
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33-35 Storms Ave
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