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590 Bergen Ave, Jersey City, NJ, 07304

590 Bergen Ave
$5,481,000

Key Information

Cap Rate
6.55%
Units
26
Type
Apartments
NOI
$359,161
Leasable Area
16,750

Highlights

  • Value-Add Opportunity
    • 26 Units
    • 28% Upside
    • 6.55% Cap Rate
  • Building Highlights
    • Brick Building
    • 14 Parking Spots
    • Renovated Units
    • Laundry in Basement
    • Separately metered units
    • Tenants pay for heat, cooking gas & electric
    • Landlord pay for water/sewer, common area electric, heat, & hot water
    • Prime Location in McGinley Square
  • Convenient Transportation
    • The building is approximately a 5-minute walk to the JFK Blvd at Kensington Ave bus stop which provides a 20 minute ride 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