2 Broadway

    Jc, Journal Square, NJ 07306
    • $2,300,000
    • STATUS: Active
    • ON SITE: 128 days
    • MLS #: 190017916
    UPDATED: 44 min ago
    $2,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 3
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial

    School Ratings & Info

    Description

    This 9 unit mixed-use building is comprised of 3 street level retail units and 6 two bedroom residential units. Solid brick construction with limestone ornamentation, the building is located on a highly trafficked commercial corridor and is only a 9 minute walk to the Journal Square PATH station. The three retail spaces are currently used as restaurants and are under multi year leases with built-in annual rent increases. The 6 residential units on the two floors above are all 2 bedroom 1 bathroom with box-layout. All are separately metered for utilities. There are also 2 billboards on the building top which provide for additional income. Located on a corner, the building fully covers the lot and has windows on 3 sides which allow for lots of light to fill the residential units. There is lots of upside potential. Located in prime Journal Square, this is a great opportunity for those looking to invest in a rapidly booming area with lots of upside potential for both income and asset appreciation.

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    © 2020 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2020-01-17T18:25:49.04.
    www.sellwithsikora.com/homes/98817586

    2 Broadway Jc, Journal Square, NJ 07306

    • Price: $2,300,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 190017916
    0
    Beds
    6
    Baths
    3
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Jc, Journal Square
    Area:
    Jc, Journal Square
    Property Description
    This 9 unit mixed-use building is comprised of 3 street level retail units and 6 two bedroom residential units. Solid brick construction with limestone ornamentation, the building is located on a highly trafficked commercial corridor and is only a 9 minute walk to the Journal Square PATH station. The three retail spaces are currently used as restaurants and are under multi year leases with built-in annual rent increases. The 6 residential units on the two floors above are all 2 bedroom 1 bathroom with box-layout. All are separately metered for utilities. There are also 2 billboards on the building top which provide for additional income. Located on a corner, the building fully covers the lot and has windows on 3 sides which allow for lots of light to fill the residential units. There is lots of upside potential. Located in prime Journal Square, this is a great opportunity for those looking to invest in a rapidly booming area with lots of upside potential for both income and asset appreciation.
    Exterior Features

    Construction Brick Lot Size 34.7X94.28 Stories 3

    Interior Features

    Two Bedrooms 6

    Property Features

    Approximate Building Age ~100Y Commercial Type Investment Flood None Fuel Gas Green Card Yes Gross Income 172632 Internet Yes Lead Paint Form Yes Mixed Use Yes Operating Expenses 40978 Rent Control Yes Taxes 18578

    Listing provided courtesy of Keller Williams City Life Jc Realty:201-433-1111.


    © 2020 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2020-01-17T18:25:49.04.
     
    eXp Realty
    28 Valley Rd Suite 1
    Montclair NJ, 07042