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201 Claremont Ave 201-203 Claremont Ave 17 Unit Apartment Building $4,506,505 CAD ($265,089 CAD/Unit) 7.04% Cap Rate Jersey City, NJ 07305
Investment Highlights
- Value-Add Opportunity | 17 Units | 33% Upside | 7.04% Cap Rate | 194K Price Per Unit | Less than 25 minutes to Manhattan
- Tenants pay for cooking gas & electric | Landlord pay for heat, hot water, common area electric & water/sewer | Prime Location in Bergen Lafayette
- Building Highlights | Brick Building | Renovated Units | Strong unit mix of two- & three-bedroom units | Separately metered units
- The building is approximately an 7-minute walk to the MLK Drive light rail stop which provides a 17 minute ride to Manhattan via the PATH train.
Executive Summary
Broker of Record
Patrick Forde
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Patrick Forde
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $4,506,505 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $265,089 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.04% | Building Size | 8,750 SF |
| No. Units | 17 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-1 | ||
| Price | $4,506,505 CAD |
| Price Per Unit | $265,089 CAD |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 8,750 SF |
| No. Stories | 5 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | R-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-23101-0000-00012 | Improvements Assessment | $1,241,768 CAD |
| Land Assessment | $815,150 CAD | Total Assessment | $2,056,918 CAD |
Property Taxes
Parcel Number
06-23101-0000-00012
Land Assessment
$815,150 CAD
Improvements Assessment
$1,241,768 CAD
Total Assessment
$2,056,918 CAD
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201 Claremont Ave | 201-203 Claremont Ave
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