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590 Bergen Avenue
Jersey City, NJ 07304
Asking Price
$5.48M
Cap Rate
6.55%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
26-Unit Value-Add Multifamily with 28% Upside in Prime Jersey City <ul><li><strong>Value-Add Opportunity</strong><ul><li>26 Units</li><li>28% Upside</li><li>6.55% Cap Rate</li></ul></li><li><strong>Building Highlights</strong><ul><li>Brick Building</li><li>14 Parking Spots</li><li>Renovated Units</li><li>Laundry in Basement</li><li>Separately metered units</li><li>Tenants pay for heat, hot water, cooking gas & electric</li><li>Landlord pay for water/sewer, common area electric.</li><li>Prime Location in McGinley Square</li></ul></li><li><strong>Co
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NOI
$80,000
Cap Rate
1.46%
DSCR
0.25
Underwater
Cash-on-Cash
-14.92%
Monthly Payment
$27,116.997
Annual Cash Flow
$-245,403.97
