Mixed-Use
Sklar Lofts
409 Ocean Ave, Jersey City, NJ 07305
Listing Price: $4,400,000
Cap Rate
6.55%
Number of Units
16
Occupancy
96.0%
Price/Unit
$275,000
Price/Gross SF
$268.82
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
Listing Price: $4,400,000
Cap Rate
6.55%
Number of Units
16
Occupancy
96.0%
Price/Unit
$275,000
Price/Gross SF
$268.82
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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