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473 Monmouth Street, Jersey City, NJ, 07302

473 Monmouth Street

$1,895,000

Key Information

Cap Rate
6.01%
Tot. SF
6,000
Units
8
Type
Apartments
NOI
$113,981

Highlights

Value-Add Opportunity
• 8 Units
• 58% Upside
• 6.01% Cap Rate
• Less than 30-minutess to Manhattan

Building Highlights
• All 2 Bedroom Units
• Brick Building
• Boilers & hot water heaters recently replaced
• Separately Metered
• Tenants pay for heat, hot water, & electric
• Landlord pays for common area electric and water/ sewer
• Prime location in Downtown Jersey City

Convenient Transportation
• The building is approximately a 5-minute walk to the Newark Ave at Monmouth St bus stop which provides a 14-minute trip to Manhattan via the PATH Train.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666