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64 Cottage St

4 Unit Block of Flats £1,486,655 (£371,664/Unit) 3.79% Net Initial Yield Jersey City, NJ 07306

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Executive Summary

Investment & Development opportunity in Jersey City. Located in the 2060 Redevelopment Zone 4 of Journal Square, the property currently consists of a 4 Unit (3 Story) Multi-Family Building with full occupancy. Under the Redevelopment plan, zoning permits a 4 story building creating an opportunity to build 8 plus units. Surrounded by bustling developments, this is one of the last properties near the Journal Square Path Station which is the top redevelopment area of Jersey City. The site is located close to Shopping Centers, Restaurants, Banks, Offices, and Supermarkets. Within a 5 minute walk to Journal Square Path Station leads to only a 15 Minute Path Train ride into New York City. There is easy connectivity to Newark International Airport, JFK, and LaGuardia Airport via Route 139 & Route US 1. Perfect opportunity for Investors, Developers, and 1031 Exchange.

64CottageStOffering

Property Facts

Price	£1,486,655	Building Class	C
Price Per Unit	£371,664	Lot Size	0.06 AC
Sale Type	Investment	Building Size	2,787 SF
Net Initial Yield	3.79%	Average Occupancy	100%
No. Units	4	Number of Floors	3
Property Type	Residential	Year Built	1890
Property Subtype	Apartment	Parking Ratio	0.72/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,486,655
Price Per Unit	£371,664
Sale Type	Investment
Net Initial Yield	3.79%
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	2,787 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1890
Parking Ratio	0.72/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.