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Mixed-Use

Sklar Lofts

409 Ocean Ave, Jersey City, NJ 07305

Listing Price: $4,500,000

Cap Rate
6.20%
Number of Units
16
Occupancy
100.0%
Price/Unit
$281,250
Price/Gross SF
$274.93
Gross SF
16,368

Investment Overview

Marcus & Millichap is pleased to exclusively represent 409 Ocean Avenue newly renovated 16-apartment mixed-used building located at 409 Ocean Ave, Jersey City, New Jersey.

Investment Highlights

  • Turn-Key newly renovated 16-Apartment, Mixed-Use building with 1,400 SF of Retail on the ground floor.
  • Strong unit mix of mostly 2 bedroom apartments.
  • 4 Blocks to Richard Street Light Rail Station.
  • Major upside in under market residential rents.

Exclusively Listed By

Mixed-Use

Sklar Lofts

Listing Price: $4,500,000

Cap Rate
6.20%
Number of Units
16
Occupancy
100.0%
Price/Unit
$281,250
Price/Gross SF
$274.93
Gross SF
16,368

Investment Highlights

  • Turn-Key newly renovated 16-Apartment, Mixed-Use building with 1,400 SF of Retail on the ground floor.
  • Strong unit mix of mostly 2 bedroom apartments.
  • 4 Blocks to Richard Street Light Rail Station.
  • Major upside in under market residential rents.

Investment Overview

Marcus & Millichap is pleased to exclusively represent 409 Ocean Avenue newly renovated 16-apartment mixed-used building located at 409 Ocean Ave, Jersey City, New Jersey.

Exclusively Listed By

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