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120 Jefferson St

8 Unit Apartment Building $2,800,000 ($350,000/Unit) 5.67% Cap Rate Hoboken, NJ 07030

Investment Highlights

  • (8) One Bedroom Apartments
  • Under Market Rents (75% of Building)
  • Butterfly Security Access System
  • Value Add Property
  • New Roof
  • New Cast Iron Entry Staircase

Executive Summary

KW Commercial is pleased to offer 120 Jefferson St for sale in this convenient section of Downtown Hoboken. This is an 8 unit residential building with value-add potential above many existing improvements. Enter ownership with recent improvements including a new rubber roof, "Butterfly" intercom system, and a new cast iron entry staircase. Landlord expenses are streamlined by separated hot water, gas, and electric utilities for each unit. Great opportunity to own an income generating property in a vibrant upscale community.
Inquire for additional details

Property Facts

Price $2,800,000
Price Per Unit $350,000
Sale Type Investment
Cap Rate 5.67%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,676 SF
Average Occupancy 88%
No. Stories 4
Year Built 1920

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 520 - 650
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (83)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-00029-0000-00024
Land Assessment
$570,000
Improvements Assessment
$455,000
Total Assessment
$1,025,000

zoning

Zoning Code R-3 (R-3 District)
R-3 (R-3 District)
  • Listing ID: 34321121

  • Date on Market: 12/30/2024

  • Last Updated:

  • Address: 120 Jefferson St, Hoboken, NJ 07030

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