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3697 Kennedy Blvd
Jersey City, NJ 07305
Asking Price
$1.70M
Cap Rate
6.28%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 8 Units <ul><li>Eight Unit Building Four units delivered vacant — with three more expected to follow — open the door to renovate and re-rent the majority of the building at market rents, capturing real value-add upside.</li><li>Underground oil tank removed with mild remediation completed and an NFA letter in hand — diligence de-risked up front.</li><li>Tenants cover their own heat, hot water, electric and gas, leaving taxes, insurance and water/sewer as the primary owner costs.</li><li>The building
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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069
