Property
Jersey City, NJ 07306 541 Newark Ave
$1,999,000
7 more
Presented By: PROMINENT PROPERTIES SIR; 201-333-7717
Full/Half Baths • 0 / 1
SQFT • 7,100
Home Details
Mixed-Use Property in Journal Square, Jersey City! Unlock a lucrative opportunity in this beautifully renovated property featuring: - Prime Location:High foot traffic & great access to public transport! - Mixed-Use: Commercial space + 4 apartments + single family - Financial Benefits:Below market rents with no rent control and a potential cap rate of 6.2%! - Modern Upgrades:High-end finishes & energy-efficient appliances!
Presented By: PROMINENT PROPERTIES SIR; 201-333-7717
Interior Features for 541 Newark Ave
Bathrooms
Num Units w/Full Bath10
Half Baths1
Other Interior Features
Floor Load0
Price Per Sq Ft281.00
Available Sq Ft7100
Num 3 Bdrm Units1
Num 2 Bdrm Units4
BasementFinished
FlooringVinyl-Linoleum
Fuel TypeGas-Natural
Total Stories3
General for 541 Newark Ave
Building #541
ConstructionSee Remarks
CoolingWall A/C Unit(s)
CountyHudson
Days on Market
DirectionsBetween Chestnut and Baldwin
Documents AvailableIncome & Expenses, See Remarks
DriveSee Remarks
EasementNo
Equipment AvailableAppliances, Kitchen Area
Farm AssessmentNo
Garage Spaces
Gross Income151762
HeatingSee Remarks
Leasable Area2000
Lease IncludesBuilding Maintenance, Common Area Maint, Sewer, Taxes, Trash Removal, Water
Lease Information1 Year Minimum
Lease TypeOther
LocationSee Remarks
MaintenanceExpense7200
Net Operating Income109974
Num Apts6
Number of Amps
NumberOfUnitsTotal6
Operating Expense41788
OwnerPaysMaintenance-Common Area, Repairs, Sewer, Snow Removal, Water
Percent OwnershipFee Simple
Permitted Usecommercial
Possessionat closing
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
ServicesPrewired for Internet
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameC2
Tax Annual Amount15167
Tax Assessed Value675000
Tax Lot11
Tax Year2023
Tenant PaysCable T.V., Gas, Heat, Hot Water
Town #1806
TownshipJersey City
UtilitiesElectric, Gas-Natural, See Remarks
Utilities Paid ByTenant
Year Built1950
ZoningC2
Exterior for 541 Newark Ave
Building Area Total7100
Exterior DescriptionSee Remarks, Vinyl Siding
Lot Dimensions25X106 AVG
Lot FeaturesIrregular Lot
Lot Size Acres0.06
Max Ceiling Height9
Max Door Height0
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Nereyda Martinez
Associate