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Journal Square 572-574 Newark Ave 13,000 SF 100% Leased Office Building Jersey City, NJ 07306 $3,000,000 ($230.77/SF) 4.56% Cap Rate
Executive Summary
Three- story, 13,000 square foot mixed use property featuring a combination of retail and office space, prominently located directly across from the Hudson County Courthouse. The property offers a strong investment opportunity with stable income, while also providing an excellent option for owner-use seeking a highly visible and convenient business location. This property will also be prime for development.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,000 SF
Building Class
C
Year Built
1945
Price
$3,000,000
Price Per SF
$230.77
Cap Rate
4.56%
NOI
$136,888
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
4,333 SF
Building FAR
2.42
Lot Size
0.12 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Professional, Scientific, and Technical Services
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Lorem Ipsum
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Jan 0000
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (84)
Property Taxes
| Parcel Number | 06-08201-0000-00022 | Improvements Assessment | $1,205,800 |
| Land Assessment | $314,000 | Total Assessment | $1,519,800 |
Property Taxes
Parcel Number
06-08201-0000-00022
Land Assessment
$314,000
Improvements Assessment
$1,205,800
Total Assessment
$1,519,800
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Journal Square | 572-574 Newark Ave
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