For Sale
$995,000

61 Ocean Ave Jersey City, NJ 07305

Six-unit, 6,300 sq ft investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional three-story mixed-use building, located at 61-63 Ocean Avenue in Jersey City, New Jersey, presents a compelling investment opportunity. The property boasts a substantial 6,300 square feet of space, distributed across six units, and sits on an oversized corner lot, providing convenient access from two streets. The brick building offers a classic aesthetic and is currently 84% occupied, generating a strong 6.20% cap rate at an asking price of $995,000. The property features wrap-around parking, a significant advantage in this desirable Jersey City location (zip code 07305). Each unit benefits from separate utilities, simplifying management and maintenance. The building's strategic location within Hudson County offers excellent potential for future appreciation and strong rental income. This is a rare chance to acquire a well-maintained, mixed-use property with significant upside in a thriving urban market. The property's size and configuration make it ideal for a variety of uses and investment strategies. Its strong occupancy rate and attractive cap rate make it a particularly attractive investment opportunity.

Highlights

  • Exceptional three-story mixed-use building in Jersey City, NJ (07305).
  • 6,300 square feet across six units on an oversized corner lot.
  • 84% occupancy with a 6.20% cap rate at $995,000 asking price.
  • Wrap-around parking and separate utilities for each unit.

Property Details for 61 Ocean Ave

Property type
Mixed-use properties
Square Feet
6,300 SF
Stories
3
Units
6

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.6910314
Longitude
-74.0967067

FAQs

What type of property is this?
Mixed-use property - Six-unit, 6,300 sq ft investment opportunity.
Where is the mixed-use property located?
The property is located at 61 Ocean Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Exceptional three-story mixed-use building in Jersey City, NJ (07305).; 6,300 square feet across six units on an oversized corner lot.; 84% occupancy with a 6.20% cap rate at $995,000 asking price.
How can I contact the broker?
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61 Ocean Ave
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