This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
122 Stevens Ave
Jersey City, NJ 07305
122 Stevens Avenue, Jersey City · Multifamily Property For Sale · 9 Units
INVESTMENT HIGHLIGHTS
- The property consists of 8 apartments and 1 retail unit.
- Located on the corner of Stevens Avenue and Martin Luther King Dr.
- The property has a 6.78% cap rate at asking price
- 15 minutes to NYC and minutes from Historic Downtown Jersey City
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 7,500 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1920 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built | 1920 |
ABOUT 122 STEVENS AVE , JERSEY CITY, NJ 07305
Marcus & Millichap has been selected to exclusively market for sale the 122 Stevens Ave, a three-story, brick, mixed-use building in Jersey City, New Jersey. The building consists of 8 apartments and one retail tenant. The retail tenant has a 17-year lease that expires in 2030. The property is located approximately 2 miles from the Journal Square Transportation Center which offers a 15-minute ride to the World Trade Center and a 22-minute ride to Midtown Manhattan via Path. 122 Stevens Ave is also Two-minute walk from JFK Blvd bus stop which offers a direct ride into the Manhattan. Jersey City has earned a reputation as a city with ideal regional connectivity due to accessible public transportation. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes have been completed and are under construction. The new supply speaks to the value of the location and should continue to drive the local economy which will ultimately push rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 06-26401-0000-00021 | Improvements Assessment | $939,700 |
| Land Assessment | $87,300 | Total Assessment | $1,027,000 |
PROPERTY TAXES
ZONING
| Zoning Code | M.L.K Drive |
| M.L.K Drive |
