Pristine & Turnkey Multiuse Investment Property
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1 LoopNet -, Garden/Low-Rise, 61 Erie St, Jersey City, NJ JCity Realty Darden Moorefield (917) Multifamily Property For Sale 61 Erie St, Jersey City, NJ Price: $5,400,000 No. Units: 7 Building Size: 9,250 SF Price/Unit: $771, Property Type: Property Sub-type: Additional Subtypes: Property Use Type: Multifamily Garden/Low-Rise Street Retail Investment Cap Rate: 3.70% Occupancy: 100% No. Stories: 4 Lot Size: 2,500 SF APN / Parcel ID: Listing ID Last Updated 5 days ago Find Out More... Description TURNKEY 7 UNIT CONDO BUILDING BEING SOLD AS ONE PACKAGE. for DETAILS. 61 Erie Street is one of the highest quality renovated historic properties in downtown Jersey City and certainly the only one of its caliber to hit the market in years. This 7 unit condo (6 two bed/two bath over 1 street level retail) building is being sold as one. Located in the heart of downtown Jersey City, it was gut-renovated in 2014 including all new mechanicals, roof, plumbing and electric, HVAC for each unit, historical façade restoration, and new foundation. The street level retail space is home to a very popular Italian gourmet bakery. The upper floors each have two units. All are 2 bed 2 bath with high-end finishes including central air and heat, outdoor terraces, Page 1 of 9
2 LoopNet -, Garden/Low-Rise, 61 Erie St, Jersey City, NJ stainless appliances, quartz countertops, super capacity and vented washer dryer, Brazilian walnut flooring, solid-core doors, and contemporary bathrooms. The basement is fully upgraded with rebuilt foundation walls, new sprinkler room, bathrooms, office, and storage for the retail space above. 61 Erie was not flooded during superstorm Sandy, nor is required to carry flood insurance. Not under rent control. The property is ideally situated on the pedestrian-busy Erie Street corridor and next the bustling Newark Avenue pedestrian plaza/restaurant row. Neighbors include the hip Talde restaurant from Brooklyn, Torico Ice Cream shop, 9 Bar Café, Burger Eatery, and much more. Centrally located in downtown Jersey City, the Grove Street PATH Station is about 4 blocks or a 6 minute walk giving quick and easy access to both the 33rd St and the World Trade Center PATH lines to Manhattan. Commute times are 18 minutes to midtown, 7 minutes to the lower Manhattan transportation hub. SEE ATTACHED FLOOR PLANS AND INCOME/EXPENSE SUMMARY. Financial Summary Actual Year Scheduled Gross Income Net Operating Income 2015 $264,600 $196,912 Page 2 of 9
3 LoopNet -, Garden/Low-Rise, 61 Erie St, Jersey City, NJ Map of 61 Erie St, Jersey City, NJ (Hudson County) By searching on LoopNet, you agree to the LoopNet Terms and Conditions. Additional Photos Page 3 of 9
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25,632 SQ FT OF SOPHISTICATED HQ OFFICE SPACE AVAILABLE TO LET WOKING GU21 6JG RECEPTION & SPECIFICATION A CONTEMPORARY RECEPTION AND HIGH QUALITY FINISHES OFFER A WARM WELCOME One Christchurch Way is
12:35 PM Emerald Isle Property Owners Association. 01/27/10 Profit & Loss Accrual Basis January through December 2009
Ordinary Income/Expense Income Income Sales Tax Discount 16.91 Fines 275.00 Ticket Sales Magic Springs 2,233.35 Garvan Gardens 27.00 Total Ticket Sales 2,260.35 Key Charge 30.00 Cleaning Fees-Rental, Trades