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    134 Cottage St

    Jc, Journal Square, NJ 07306
    • $3,250,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 202025368
    UPDATED: 58 min ago
    $3,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial

    School Ratings & Info

    Description

    Incredible investment in JSQ redevelopment and opportunity Zone. This ground-up 2017, newly constructed 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and four 2 bed & 2 bath units. 6 of the 8 units have outdoor space. All units have in-unit washer dryer closets and on-demand hot water heaters in-unit utility closets, equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $210,000, 2019 expenses were ~ $ 18,000, providing a 5.9% cap rate. A great alternative for a 1031 exchange client.

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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 The Trompeter Group. 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 The Trompeter Group 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: 2021-02-28T19:25:32.953.
    www.thetrompetergroup.com/homes/111615041
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    134 Cottage St Jc, Journal Square, NJ 07306

    • Price: $3,250,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 202025368
    0
    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 2017, newly constructed 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and four 2 bed & 2 bath units. 6 of the 8 units have outdoor space. All units have in-unit washer dryer closets and on-demand hot water heaters in-unit utility closets, equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $210,000, 2019 expenses were ~ $ 18,000, providing a 5.9% cap rate. A great alternative for a 1031 exchange client.
    Exterior Features

    Lot Size 25 X 100 Stories 3

    Interior Features

    One Bedrooms 3 Two Bedrooms 5

    Property Features

    Commercial Type Investment Gross Income 210000 Internet Yes Operating Expenses 18000 Taxes 6776

    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 The Trompeter Group. 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 The Trompeter Group 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: 2021-02-28T19:25:32.953.
     
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    The Trompeter Group
    355 Varick Street
    Jersey City NJ, 07302