2 mixed use properties combined and sold as a package deal

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of WEICHERT REALTORS (201-333-4443)
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Location

152-154 DANFORTH AVE
Jersey City NJ 07305
Cross street:off Garfield Ave.

Property

Ownership: For Sale
Pets: Pets No

Financials

Price: $924,000

Description

2 mixed use properties combined and sold as a package deal. Each building has 2 2-bedroom units and 1 commercial space. Commerical spaces combined and used as a high end boutique with additiional space on 2nd floor. #154 has finished basement. #152 unfinished with half bath. Apartments on 2nd floor have shared access to large open deck. Landlord pays heat and hot water for entire building, other utilities are seperated. Current rent slightly below market value. With rent at market value + garage spaces + retail space, CAP rate is 8.4%. All tenants have month to month leases. Parking for 3 cars. Business is also available for sale and has to be negotiated seperately.


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