Cap Rate
6.55%
Units
26
590 Bergen Ave, Jersey City, NJ, 07304
590 Bergen Ave$5,481,000
Key Information
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
D
David Ferber, CPALicense # 01469842 (NJ)
K
Kendra AntoineLicense # 2440903 (NJ)
Broker of Record
Patrick Forde
License # 122887, 2330333 (NJ)Matthews Real Estate Investment Services, Inc300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666