3697 John F. Kennedy BlvdUnion City, NJ 07087

  • Residential income properties
  • 0.06 AC
For Sale
$1,800,000 View listing

Property Details for 3697 John F. Kennedy Blvd

Lot size
0.06 AC
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional multifamily investment opportunity presents an eight-unit apartment building situated on a 0.06-acre corner lot at 3697 John F. Kennedy Boulevard in Jersey City, New Jersey. The three-story brick building comprises four one-bedroom/one-bathroom units, three two-bedroom/one-bathroom units, and one two-bedroom/one-and-a-half-bathroom unit. Each unit features separately metered gas heat, hot water, and electricity, with tenants responsible for their individual utilities. The landlord covers common area electricity, water, and sewer. This property benefits from a highly desirable location, a short walk from Summit Avenue, Paterson Plank Road, and Palisade Avenue, key retail corridors in the area. Its proximity to major transportation hubs, including the Hudson-Bergen Light Rail, Lincoln and Holland Tunnels, PATH train at Hoboken, and ferry terminals, ensures convenient access to New York City and surrounding areas. The property is also conveniently located near US Routes 1 & 9, Interstate 95, and NJ Routes 495 and 3. The strong demographics, with over 90,300 people within a one-mile radius and an average household income exceeding $130,695, contribute to significant rental potential. The area has seen substantial population growth in recent years, further enhancing the investment's long-term prospects. Existing rents are below market value, presenting a clear value-add opportunity. Note that Jersey City Rent Control applies, limiting annual rent increases. The asking price is $1,800,000, representing a price per unit of $225,000. This fee-simple ownership offers a compelling investment in a thriving urban market.

3697 John F. Kennedy Blvd, Union City, New Jersey

Location Insight

City
Union City
County
Hudson
State
New Jersey
Latitude
40.7568
Longitude
-74.0465

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].