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Description

Incredible investment in JSQ redevelopment and opportunity zone! This ground-up newly constructed in 2017, 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and 4 two bed & two bath units. 6 of the 8 units have outdoor space. All units feature washer dryer closets and on-demand hot water heaters, nd are equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $195,600, 2020 expenses were ~ $ 26,800. 4.6% Cap rate. Conveniently located near the Journal Square Path station connecting you directly to Manhattan. Journal Square is the center of Hudson County's revitalization and provides great opportunity for long term demand increase. A great alternative for a 1031 exchange client. Tax abatement ends June 30th. 2022.

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© 2021 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-09-21T08:25:42.64.
www.daunnorealty.com/homes/116770970
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134 Cottage St Jc, Journal Square, NJ 07306

  • Price: $3,250,000
  • Status: Active
  • Updated: 69 min ago
  • ID#: 210010676
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Beds
12
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jc, Journal Square
Area:
Jc, Journal Square
Property Description
Incredible investment in JSQ redevelopment and opportunity zone! This ground-up newly constructed in 2017, 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and 4 two bed & two bath units. 6 of the 8 units have outdoor space. All units feature washer dryer closets and on-demand hot water heaters, nd are equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $195,600, 2020 expenses were ~ $ 26,800. 4.6% Cap rate. Conveniently located near the Journal Square Path station connecting you directly to Manhattan. Journal Square is the center of Hudson County's revitalization and provides great opportunity for long term demand increase. A great alternative for a 1031 exchange client. Tax abatement ends June 30th. 2022.
Exterior Features

Construction New 2017 Lot Size 25 X 100 Stories 3

Interior Features

One Bedrooms 3 Two Bedrooms 5

Property Features

Approximate Building Age 4 Yrs Commercial Type Investment Gross Income 195600 Internet Yes Operating Expenses 16690 Taxes 10172

Listing provided courtesy of Weichert Realtors:201-333-4443.


© 2021 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-09-21T08:25:42.64.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066