3405 John F Kennedy Blvd | Jersey City, NJ 07307
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- LoopNet Team
3405 John F Kennedy Blvd
Jersey City, NJ 07307
Build-to-Rent Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity with Potential to Convert Vacant Units into Additional Bedrooms
- Strong Rental Demand with Excellent Connectivity to Manhattan and Local Employment Hubs
- Recent Capital Expenditures Include a New Boiler and Roof, Enhancing Operational Efficiency
- Prime Location in the Highly Sought-After Heights Neighborhood of Jersey City
- 28 Percent Upside in Current Rents, Providing Immediate Revenue Growth Potential
- Additional Income Potential Through Basement Storage Rentals or an Extra Unit Development
PROPERTY FACTS
| No. Units | 21 | Total Plot Size | 0.12 ac |
| Property Type | Build-to-Rent | Property Size | 20,416 sq ft |
| Property Subtype | Apartment | Average Occupancy | 60% |
| Apartment Style | Mid-Rise | No. Floors | 4 |
| Costar Property Class | C | Year Built | 1920 |
| No. Units | 21 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.12 ac |
| Property Size | 20,416 sq ft |
| Average Occupancy | 60% |
| No. Floors | 4 |
| Year Built | 1920 |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 06-03402-0000-00010 | Improvements Assessment | £598,529 |
| Land Assessment | £703,845 | Total Assessment | £1,302,375 |
PROPERTY TAXES
Parcel Number
06-03402-0000-00010
Land Assessment
£703,845
Improvements Assessment
£598,529
Total Assessment
£1,302,375
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