134 COTTAGE ST

Estimated Monthly Payment: $15,668/mo 134 COTTAGE ST, Jersey City, NJ 07306 MLS# 210010676 Investment Listing Status: Active
93
22
0
0

REMARKS:

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.

OVERVIEW:

Investment
Active
JC, Journal Square
25 X 100

FINANCIAL:

$3,250,000
$10,172

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of WEICHERT REALTORS  201-333-4443

 

Disclaimer: The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than American Living Real Estate are marked with the HCIDX mark and the information about them includes the name of the listing broker.

 

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.