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Multifamily

113-115 Wales Avenue, Jersey City

113 Wales Ave, Jersey City, NJ 07306

Listing Price: $2,050,000

Cap Rate
5.65%
Number of Units
6
Price/Unit
$341,667
Price/Gross SF
$256.25
Gross SF
8,000

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 113-115 Wales Avenue in Jersey City. Built in 2015, the property consists of 6 apartments and 4 garage parking spaces. Each unit has its own washer and dryer, furnaces, granite counters, stainless steel appliances and wood floors. The units are all separately metered. Journal Square is a lively business district, residential area and transportation hub. Jersey City is becoming a more prosperous area for people seeking an affordable alternative to New York City. The property is an approximately a 12-minute walk from Journal Square PATH Station with a 15-minute trip to the World Trade Center and a 22-minute ride to Midtown Manhattan via Path, situated closely to Newark Liberty Airport, JFK and La Guardia Airport. The property has easy access to Route 1 & 9, Interstate 95, I-78, and are in walkable distance to restaurants, theaters and many national retailers. 113-115 Wales Avenue is located in the Journal Square section of Jersey City. Journal Square historically has been the center of commerce for the state’s second largest city, a retail center to which people have flocked for decades. Hudson County, and specifically Jersey City, has seen a massive influx in development and capital investors. The first tower constructed off the Gold Coast in over a decade was constructed in Journal Square by The Kushner Companies and the City has approved multiple large projects to attract New Yorkers.

Investment Highlights

  • Located in Journal Square, 15 minutes to NYC and minutes from Historic Downtown Jersey City
  • New 2015 construction
  • Nice unit mix of two bed and three bed apartments
  • Four garage parking spaces in the back of the building
  • The property is located an approximate 12 min walk from the Journal Square Transportation Center
  • 100% Occupancy

Exclusively Listed By

Multifamily

113-115 Wales Avenue, Jersey City

Listing Price: $2,050,000

Cap Rate
5.65%
Number of Units
6
Price/Unit
$341,667
Price/Gross SF
$256.25
Gross SF
8,000

Investment Highlights

  • Located in Journal Square, 15 minutes to NYC and minutes from Historic Downtown Jersey City
  • New 2015 construction
  • Nice unit mix of two bed and three bed apartments
  • Four garage parking spaces in the back of the building
  • The property is located an approximate 12 min walk from the Journal Square Transportation Center
  • 100% Occupancy

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 113-115 Wales Avenue in Jersey City. Built in 2015, the property consists of 6 apartments and 4 garage parking spaces. Each unit has its own washer and dryer, furnaces, granite counters, stainless steel appliances and wood floors. The units are all separately metered. Journal Square is a lively business district, residential area and transportation hub. Jersey City is becoming a more prosperous area for people seeking an affordable alternative to New York City. The property is an approximately a 12-minute walk from Journal Square PATH Station with a 15-minute trip to the World Trade Center and a 22-minute ride to Midtown Manhattan via Path, situated closely to Newark Liberty Airport, JFK and La Guardia Airport. The property has easy access to Route 1 & 9, Interstate 95, I-78, and are in walkable distance to restaurants, theaters and many national retailers. 113-115 Wales Avenue is located in the Journal Square section of Jersey City. Journal Square historically has been the center of commerce for the state’s second largest city, a retail center to which people have flocked for decades. Hudson County, and specifically Jersey City, has seen a massive influx in development and capital investors. The first tower constructed off the Gold Coast in over a decade was constructed in Journal Square by The Kushner Companies and the City has approved multiple large projects to attract New Yorkers.

Exclusively Listed By

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