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427 Martin Luther King Jr Dr

Jersey City, NJ 07304
  • $2,000,000
  • STATUS: Active Under Contract
  • ON SITE: 98 Days
  • MLS #: 3737688
Under Contract
UPDATED: 40 min ago
$2,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,700
    SQFT
  • $171
    $/SQFT
Type:
Commercial
Built:
2007
County:
Area:

School Ratings & Info

Description

PRISTINE MIXED USE COMMERCIAL PROPERTY CONTAINING 5 RESIDENTIAL AND 5 OFFICE AND OR STOREFRONT UNITS. WELL MAINTAINED AND UPGRADED PROPERTY. LARGE SPACIOUS 3 BR APTS. TENANTS PAY SEPARATE UTILITIES. CENTRAL A/C $206K GOI AND $166K NOI EXCELLENT LOCATION NEAR LIGHT RAIL TRANSPORTATION. 8.3 % CAP RATE

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© 2021 Garden State Multiple Listing Service, LLC. 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 Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-07T15:46:32.75.
www.srrealestategroup.com/homes/120960011
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427 Martin Luther King Jr Dr Jersey City, NJ 07304

  • Price: $2,000,000
  • Status: Active Under Contract
  • On Site: 98 Days
  • Updated: 40 min ago
  • MLS #: 3737688
0
Beds
0
Baths
0
½ Baths
N/A
Acres
11,700
SQFT
$171
$/SQFT
2007
Built
County:
Hudson
Area:
Jersey City
Property Description
PRISTINE MIXED USE COMMERCIAL PROPERTY CONTAINING 5 RESIDENTIAL AND 5 OFFICE AND OR STOREFRONT UNITS. WELL MAINTAINED AND UPGRADED PROPERTY. LARGE SPACIOUS 3 BR APTS. TENANTS PAY SEPARATE UTILITIES. CENTRAL A/C $206K GOI AND $166K NOI EXCELLENT LOCATION NEAR LIGHT RAIL TRANSPORTATION. 8.3 % CAP RATE
Exterior Features

Approximate Lot Size 50 X 100 Available Parking Spaces 0 Construction Brick/Block Exterior Description Vinyl Siding Location Business District Lot Description Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street ParkingSee Remarks Roof Description Rubberized

Interior Features

Basement Yes Basement Description Full Cooling Central Air Equipment Available IntercomSmoke DetectorSprinkler System Floors TileWood Heating 4+ UnitsBaseboard - Hotwater Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 0 Office Sq Ft 5500

Property Features

Available Negotiable Building Number 1 Expenses Include ElectricityInsuranceMaintenance - InteriorProperty ManagementTaxes For Sale Or Lease For Sale Free Rent No Fuel Type ElectricGas-Natural Gross Operating Income 206000 Lease Includes Common Area MaintTaxes Lease Type Mixed Monthly Maintenance Fee 0 Net Operating Income 166500 Owner Pays Water Permitted Use Mixed Use Primary Property Type Mixeduse Property Type Mixed Use Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 16389 Tax Rate Amount 0.000 Tax Rate Year 2020 Tax Year 2020 Tenant Pays ElectricGasHeatHot Water Total Operating Expense 39500 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning 4A

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of The Real Estater Llc.


© 2021 Garden State Multiple Listing Service, LLC. 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 Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-07T15:46:32.75.
 
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Christie's International Real Estate Northern New Jersey
47 Maple Street
Summit NJ, 07901