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73 Martin Luther King Drive
Jersey City, NJ 07305-1929
Asking Price
$925K
Cap Rate
3.5%
Asset Type
Apartment Building Retail
Class
Class B
What's Special
73 Martin Luther King Drive, Jersey City, NJ 07305-1929 <ul><li>Ground Floor (960 SF) Retail - Currently Vacant - Proposed Rent: $2,500/Mo</li><li>Second Floor (960 SF) Residential - 3 Beds/1 Bath - Current Rent: $2,080/Mo - Proposed Rent: $2,200/Mo - Tenant pays utilities</li><li>Third Floor (960 SF) Residential - 3 Beds/1 Bath - Current Rent: $2,080/Mo - Proposed Rent: $2,200/Mo - Tenant pays utilities</li><li>Total Current Monthly Rent: $4,160 | Total Proposed Monthly Rent: $6,900</li><li>Total Current Annual Rent: $49,920 | Total Proposed An
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NOI
$80,000
Cap Rate
8.65%
DSCR
1.46
Strong
Cash-on-Cash
9.04%
Monthly Payment
$4,576.395
Annual Cash Flow
$25,083.256
