880 Bergen Ave | Jersey City, NJ 07306
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- LoopNet Team
880 Bergen Ave
Jersey City, NJ 07306
Multifamily Property For Sale
·
55 Units
INVESTMENT HIGHLIGHTS
- Highly financeable asset with NOI of over $1,100,000
- Approved 25-year pilot program initially capping taxes at 12% of gross income
- Just two blocks from Journal Square station which features almost 30,000 daily riders
- Occupying roughly 3,500 SF, Bank of America originally designed the space and has been there since 1993
PROPERTY FACTS
| No. Units | 55 | Building Size | 45,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 10 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | C | Parking Ratio | 0.24/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | C-1 - COMMERCIAL | ||
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 45,000 SF |
| Average Occupancy | 100% |
| No. Stories | 10 |
| Year Built | 2019 |
| Parking Ratio | 0.24/1,000 SF |
| Zoning | C-1 - COMMERCIAL |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
- Tub/Shower
- Views
- Island Kitchen
SITE AMENITIES
- Business Center
- Controlled Access
- Fitness Center
- Laundry Facilities
- Grill
- Package Service
- Storage Space
- Bicycle Storage
- Elevator
- Lounge
PROPERTY TAXES
| Parcel Number | 06-13402-0000-00016 | Improvements Assessment | $3,589,300 |
| Land Assessment | $425,000 | Total Assessment | $4,014,300 |
PROPERTY TAXES
Parcel Number
06-13402-0000-00016
Land Assessment
$425,000
Improvements Assessment
$3,589,300
Total Assessment
$4,014,300
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