581-583 Palisade Ave
Jc, Heights,
NJ
07307
THOMAS MISURACA with KELLER WILLIAMS CITY LIFE REALTY,
original listing - (201) 659-8600
Property Details
List Price: |
$2,200,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
KELLER WILLIAMS CITY LIFE REALTY |
Agency Phone: |
(201) 659-8600 |
Description/Comments
Lot Size: |
0 sqft |
Property Type: |
Commercial Sale-Other |
Year Built: |
-- |
Notes: |
Located just one block from the Congress St Elevator to Hoboken, 581-583 Palisade Ave offers a prime development opportunity in the desirable Jersey City Heights. Situated in an R3 development zone, this 50x100 lot currently houses 12 units and is ready for a visionary developer to reimagine its potential. With its strategic location and ample space, this property provides the perfect canvas for a new residential project, promising a blend of urban convenience and modern living in a thriving neighborhood. $2,200,000 for the package. UNIT # Rent $ 581 1 $ 1,047 2 $ 1,059 3 $ 963 4 $ 851 5 $ 949 6 $ 1,300 1 (part owner - delivered vacant) $ 636 2 $ 939 3 $ 1,300 4 $ 780 5 $ 950 6 $ 937 Total $ 11,711 Annual $ 140,532 Taxes $ 22,613 PSEG/Utilities $ 4,881 JC Water $ 9,559 Insurance $ 12,635 Cleaning $ 1,200 Repair and Maint $ 2,940 Pets control $ 960 Total Expenses $ 54,788 NOI $ 85,744 - Price $ 2,200,000 To raise rents in Jersey CityEvery $100 spent on renovations, you get $1.35 in the first $5,000. After $5,000 you get $1.55 for every $100 spent per month. (Vacancy Capital Improvment) VCI application, costs $125 per unit. |
MlsNumber: |
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ListingId: |
240019805 |
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Listing Provided By: |
KELLER WILLIAMS CITY LIFE REALTY, original listing |
Phone: |
(201) 659-8600 |
Office Phone: |
(201) 659-8600 |
Agent Name: |
THOMAS MISURACA |
Disclaimer: |
Copyright © 2024 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |