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525 Piaget Ave 2nd Flr
Cliffton, NJ 07011
Direct: 973-583-3030
Office: 973-253-2800
Fax: 973-253-2852
gershon@gershgroup.com





12.9% CAP Return!!! Legal 7-Family w/ NO VIOLATIONS
200 Lembeck Ave
Jersey City, NJ 07305
Offered at US$489,000
Status: Active
Property Type: Commercial
Bedrooms: 13
Baths: 7
Agent Keller Williams Realty
Direct: 973-583-3030
Office: 973-253-2800
Fax: 973-253-2852
gershon@gershgroup.com

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Property Description

12.9% CAP Rate!!! This is a GREAT INCOME producer located in Jersey City (Greenville) just 1/2 a block east of Kennedy Blvd. Quiet, clean street. This building is is fully occupied & has been consecutively. A legal 7-family, the owner has approved plans (blueprints included in sale) to complete the extra unit, to make a legal 8-fam (currently used as storage for owner)Valid green card with NO VIOLATIONS!

Unit Breakdown: 
(1) 1B/1B
(6) 2B/1B 
(1) Storage / 8th Unit (approved plans)

RENT ROLL:
$774 
$1,150 
$1,050 
$1,100 
$1,150
$1,150
$1,150 

GOI = $90,288/year

EXPENSES = $25,750/year 

NOI = $64,538/year

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