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201 Claremont Ave, Jersey City, NJ, 07305

201 Claremont Ave
$3,528,000

Key Information

Cap Rate
6.6%
Units
17
Type
Apartments
NOI
$232,852

Highlights

Value-Add Opportunity

  • 17 Units
  • 32% Upside
  • 6.60% Cap Rate
  • Less than 25 minutes to Manhattan

Building Highlights

  • Brick Building
  • Renovated Units
  • Strong unit mix of two- & three-bedroom units
  • Separately metered units
  • Tenants pay for cooking gas & electric
  • Landlord pay for heat, hot water, common area electric & water/sewer
  • Prime Location in Bergen Lafayette

Convenient Transportation

  • The building is approximately an 7-minute walk to the MLK Drive light rail stop which provides a 17 minute ride to Manhattan via the PATH train.

Photos

Location

Agents

Broker of Record

Patrick Forde

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