This Office Property is no longer advertised on LoopNet.com.

63-65 Irving St
Jersey City, NJ 07307

Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Multi-purpose development
  • The property has a pro forma effective gross income of $182,250 representing an 8.60% cap rate at asking price
  • 2 miles from the Journal Square Transportation Center
  • Multifamily conversion/expansion
  • 15 minutes to NYC and minutes from Historic Downtown Jersey City
  • Can be delivered vacant

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
13,750 SF
Building Class
C
Year Built
1920
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,583 SF
Building FAR
2.75
Lot Size
0.11 AC
Zoning
R-1

ABOUT 63-65 IRVING ST , JERSEY CITY, NJ 07307

Marcus & Millichap has been selected to exclusively market for sale the 63-65 Irving St, a three-story, brick, mixed-use building in Jersey City, New Jersey. The building property can be delivered vacant and could potentially be converted or expanded for an owner-user or multifamily development. 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. 63-65 Irving Street is also located 5 blocks from the 9th Street Light Rail Station which offers a 27-minute commute into Midtown Manhattan. The Journal Square Transportation Center also includes a bus terminal with a 28-minute 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.

PROPERTY TAXES

  • Listing ID: 17856469

  • Date on Market: 12/3/2019

  • Last Updated:

  • Address: 63-65 Irving St, Jersey City, NJ 07307