$3,000,000
123 Hidden Street,Jersey City, NJ 07306Address hidden - verify to view
Address hidden - verify to view
Lot Size
2,500 ~ sqft
Dimensions
26 x 110 ft
Property Type
Vacant Land
Proj. Resale
Multi Story Dev
Additional Information
Description
Seller has vacant lot, fully demolished. The property is a fully approved/shovel ready 24 unit rental building. It's a mix of 12 studios, 10 1BRs, and 1 2BR (approx. 12,468 sqft of rentable space). Stabilized NOI (conservative) is $503K. $9.6M value @ 5.25% cap. Asking price is negotiable, seller is highly motivated.
Zoning
Residential
Approval Status
Fully Approved with Permits
Environment
Unknown
Vacant at Closing
Yes
Subject To
Property is already fully approved with permits.
Closing Timeframe
Flexible
Comparable rental properties in this area
← Swipe to see more →
| Image | Address | Rent/Mo | Lot SqFt | Home SqFt | Beds | Baths |
|---|---|---|---|---|---|---|
| 425 Summit Ave, Jersey City, NJ 07306 | $2,725 | N/A | 434 | N/A | 1 | |
| 425 Summit Ave, Jersey City, NJ 07306 | $3,570 | N/A | 670 | 1 | 1 | |
| 96-100 Tuers Ave, Jersey City, NJ 07306 | $3,300 | N/A | 938 | 2 | N/A |
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