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33-35 Storms Ave, Jersey City, NJ, 07306

33-35 Storms Ave
$2,915,000

Key Information

Cap Rate
6%
Tot. SF
7,950
Units
12
Type
Apartments
NOI
$174,886

Highlights

Value-Add Opportunity

  • 12 Units
  • 100% Free Market
  • 16% Upside
  • 6.00% Cap Rate

Building Highlights

  • Rent Control Exempt
  • Brick Building
  • Renovated Units
  • Laundry in Basement
  • Storage in Basement
  • Separately metered units
  • Tenants pay for 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 6-minute walk to the Montgomery St at Jordan Ave bus stop which provides a 21 minute ride to Manhattan via the PATH train.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203