Jc Heights, NJ 07307,581-583 PALISADE AVE
Jc Heights, NJ 07307,581-583 PALISADE AVE
Jc Heights, NJ 07307,581-583 PALISADE AVE
Jc Heights, NJ 07307,581-583 PALISADE AVE
Jc Heights, NJ 07307,581-583 PALISADE AVE
Jc Heights, NJ 07307,581-583 PALISADE AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
23
Dec
Tue
24
Dec
Wed
25
Dec
$ 2,200,000
Est. payment | /mo

12 Baths


Save
$ 2,200,000
Est. payment | /mo
Save

12 Baths

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240019805

Full Baths 12

Annual Tax Amount $22,613

Lot Dimensions 50x100

Property Description

Located just one block from the Congress St Elevator to Hoboken, 581-583 Palisade Ave offers a prime development opportunity in the desirable Jersey City Heights. Situated in an R3 development zone, this 50x100 lot currently houses 12 units and is ready for a visionary developer to reimagine its potential. With its strategic location and ample space, this property provides the perfect canvas for a new residential project, promising a blend of urban convenience and modern living in a thriving neighborhood. $2,200,000 for the package. UNIT # Rent $ 581 1 $ 1,047 2 $ 1,059 3 $ 963 4 $ 851 5 $ 949 6 $ 1,300 1 (part owner - delivered vacant) $ 636 2 $ 939 3 $ 1,300 4 $ 780 5 $ 950 6 $ 937 Total $ 11,711 Annual $ 140,532 Taxes $ 22,613 PSEG/Utilities $ 4,881 JC Water $ 9,559 Insurance $ 12,635 Cleaning $ 1,200 Repair and Maint $ 2,940 Pets control $ 960 Total Expenses $ 54,788 NOI $ 85,744 - Price $ 2,200,000 To raise rents in Jersey CityEvery $100 spent on renovations, you get $1.35 in the first $5,000.  After $5,000 you get $1.55 for every $100 spent per month.  (Vacancy Capital Improvment) VCI application, costs $125 per unit.

Location

State NJ

County Hudson

Area Jc Heights

Listed by KELLER WILLIAMS CITY LIFE REALTY
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 337-6475

hello@burgosrealty.com

209 Cooper Avenue, Montclair, New Jersey, 07043, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

581-583 PALISADE AVE