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134 COTTAGE ST , JC, Journal Square, NJ 07306

$3,250,000

Detail

  • Property ID: 202025368
  • Price: $3,250,000
  • Property Type: Commercial Sale/Lease
  • Property Status: Commercial

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.

Address

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  • Address: 134 COTTAGE ST
  • City: JC, Journal Square
  • State/county: HUDSON / NJ
  • Zip/Postal Code: 07306
  • Country: United States

Listing provided by WEICHERT REALTORS - 201-333-4443

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Listing information last updated on 2024-11-23 12:00 PM.