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113 Wales Avenue
Jersey City, NJ 07306
Asking Price
$2.23M
Cap Rate
6.27%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
New Construction 6-Unit Multifamily in Journal Square with 6.27% Cap Rate <ul><li><strong>New Construction Opportunity</strong></li><li>6 Units</li><li>2 Buildings</li><li>100% Free Market</li><li>6.27% Cap Rate</li><li><span style="color: rgba(50, 50, 51, 1)">Under 6% Financing Available</span></li><li>New Construction (2015)</li><li><strong>Building Highlights</strong></li><li>4 Garage Parking Spaces + 2 Dedicated Parking Spaces</li><li>Large apartments averaging ±1,333 SF</li><li>Strong unit mix of 2- and 3-bedroom apartments</li><li>In-Unit Washer/Drye
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NOI
$80,000
Cap Rate
3.59%
DSCR
0.60
Underwater
Cash-on-Cash
-7.82%
Monthly Payment
$11,022.928
Annual Cash Flow
$-52,275.14
