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Asking Price

$24,000,000

123 Hidden Street,Jersey City, NJ 07304

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ID:189449922

Lot Size

7,000 ~ sqft

Dimensions

65 x 112 ft

Property Type

Multi Family

Property Details

Additional Information

Description

PLEASE NOTE SQFT IS INCORRECT. Property consists of three large well maintained section 8 apartment buildings in McGinley Square which are being sold as a package deal, the seller is asking for $24M for all three based on 6 cap. Between the three buildings there are 60 apartments, with the annual gross rental revenue being approximately $1.905M. The buildings are nearly 100% occupied. The seller is highly motivated to get a deal done as he is moving portfolio to another state. Please note: The square footage shown in the listing is for only one of the three properties and does not reflect the total square footage of the entire portfolio

Zoning

Residential

Approval Status

Unapproved

Environment

Unknown

Vacant at Closing

No

Subject To

Not applicable

Closing Timeframe

Flexible

Fix & Flip Financing

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