100 Lincoln St

6 Unit Block of Flats £1,900,130 (£316,688/Unit) 6.01% Net Initial Yield Jersey City, NJ 07307

Investment Highlights

  • Building gut renovated in 2021.
  • Wonderful shared outdoor space.
  • Quiet block with great access to retail and NYC transportation.
  • Opportunity to improve rents upon renewal or vacancy based on market.

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Property Facts

Price £1,900,130
Price Per Unit £316,688
Sale Type Investment
Net Initial Yield 6.01%
Sale Conditions Business Value Included
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.06 AC
Building Size 6,380 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1900/2021

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Storage Space
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Crown Moulding
  • Kitchen
  • Wooden Floors
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Dining Room
  • Double Pane Windows
  • Freezer
  • Handrails
  • Lawn
  • Quartz Countertops

Site Amenities

  • Fenced Lot
  • Gas Range
  • Storage Space

About 100 Lincoln St , Jersey City, NJ 07307

Confirmation that exceptional opportunities still exist – an oversized legal six family property with untold future development potential in one of the New York metro's fastest growing areas, Jersey City Heights. Currently generating $16,020 per month – 6.01% CAP Rate – 100 Lincoln Street is a fully detached three-story building on a 25'x111' AV. lot with a full basement that was gut renovated in 2021. It is comprised of six thoroughly modern two bedroom, one-and-a-half bathroom residences with central air conditioning and heating, and full-size in-residence washer/dryers. Each fully occupied unit offers residents a private storage area in the basement as well as access to the 945 SF garden at the rear of the property. The impressive scale of the building, which measures nearly 64' deep, combined with ceiling heights of 9'11" on each of its three main floors, allows for incredible flexibility in how these spaces can be utilized. Fully occupied on annual leases; there is an opportunity to improve rents upon renewal based on the market. Perfectly positioned in the heart of Jersey City Heights, 100 Lincoln Street is a few blocks from multiple NJ Transit bus lines with service to New York City and the Journal Square PATH station, which offers express service to points in Jersey City, Hoboken and Lower Manhattan. Jersey City Heights presents an exciting, constantly evolving array of boutique shopping, dining, coffee shops and grocery stores as well as easy access to parks, playgrounds as well as the other renowned neighborhoods that make Jersey City such a special place to live. Approximate laser-measured size (gross, including hallways): Basement: 1595 SF; First Floor: 1595 SF; Second Floor: 1595 SF; Third Floor: 1595 SF; Total Gross: 6380 SF.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1.5 1 £2,107 705
2+1.5 1 £2,147 705
2+1.5 1 £2,147 725
2+1.5 1 £2,220 725
2+1.5 1 £2,147 725
2+1.5 1 £2,212 725
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (73)

PROPERTY TAXES

zoning

Zoning Code R-1
  • Listing ID: 34466184

  • Date on Market: 13/01/2025

  • Last Updated:

  • Address: 100 Lincoln St, Jersey City, NJ 07307