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19 Orchard St
Jersey City, NJ 07306
Mcginley Square · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Exempt from rent control
- Average Rents $2,048, with Market Rents $2,400+
- Landlord pays for common area electric & sewer
- 17% Upside
- 100% Free Market (rent control exempt)
- Prime Location in McGinley Square
Executive Summary
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
Property Facts Under Contract
| Price Per Unit | $310,979 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.70% | Lot Size | 0.09 AC |
| No. Units | 6 | Building Size | 4,500 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1993 |
| Zoning | R-2 | ||
| Price Per Unit | $310,979 CAD |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,500 SF |
| No. Stories | 3 |
| Year Built | 1993 |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 06-15201-0000-00041 | Improvements Assessment | $517,797 CAD |
| Land Assessment | $287,057 CAD | Total Assessment | $804,854 CAD |
Property Taxes
Parcel Number
06-15201-0000-00041
Land Assessment
$287,057 CAD
Improvements Assessment
$517,797 CAD
Total Assessment
$804,854 CAD
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