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41-43 Storms Ave 4 Unit Apartment Building $1,845,369 CAD ($461,342 CAD/Unit) Jersey City, NJ 07306
Investment Highlights
- Prime Journal Square Development
- Two 2-family homes (4 total units, each 2-bed/1-bath) offering immediate income potential.
- The lot is ideal for future development.
- A rare 50x100 lot in the heart of rapidly expanding Journal Square.
- Rent now or deliver vacant potential, perfect flexibility for investors.
- Generate rental income while securing approvals.
Executive Summary
Priced to Sell Prime Journal Square Development Opportunity! Discover 41-43 Storms Avenue, a rare 50x100 lot in the heart of rapidly expanding Journal Square. This property boasts two 2-family homes (4 total units, each 2-bed/1-bath) offering immediate income potential. Rent now or deliver vacant potential, perfect flexibility for investors. Even better, the lot is ideal for future development. Generate rental income while securing approvals. Journal Square’s growth ensures long-term upside. Whether you develop or hold, this is your prime chance. Don’t miss this versatile, high-potential property in a booming market!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,845,369 CAD | Building Class | C |
| Price Per Unit | $461,342 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,724 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1907 |
| Price | $1,845,369 CAD |
| Price Per Unit | $461,342 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,724 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1907 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-15203-0000-00021 | Total Assessment | $835,747 CAD |
| Land Assessment | $373,311 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $462,436 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
06-15203-0000-00021
Land Assessment
$373,311 CAD
Improvements Assessment
$462,436 CAD
Total Assessment
$835,747 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Serhant New Jersey LLC
41-43 Storms Ave
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