396 SUMMIT AVE

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396 SUMMIT AVE

JERSEY CITY, NJ 07306
Asking Price
Contact for price
Asset Type
Storefront Retail
Class
Class B

What's Special

<ul><li>​High Barrier to Entry +/-  3,400 SF Corner Mixed-Use Building In Journal Square, Jersey City, Hudson County, NJ</li><li>​Property Consists of 5 Units: 4 Residential Apartments And 1 Commercial Unit</li><li>​No Rent Control</li><li>​All Separate Utilities Responsibility Of Tenants</li><li>​Residential Apartments Include Hard Wood Floors, Walk-In-Closets And In-Unit Washer/Dryer With Rooftop Access</li><li>​Located In Journal Square – 5 Minute Walk To The JSQ PATH Station With Direct Acce

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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