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1074 Summit Ave
Jersey City, NJ 07307 The Heights

$2,250,000 USD

Apartments For Sale • 4,272 SF

Property Details

Property Type Apartments
Total Building Size 4,272 SF
Lot Size 0.07 AC
Building Class B
Year Built 1920
Cap Rate 6.59 %
Tenancy Multiple
Zoning R-3

69 Transit Score

96 Walk Score

                
                    Highlights
                
                                5 out of 8 units fully renovated with market rate tenants.
                            
                                This property has 6 residential units and 2 commercial units. 
                            
                                There is a rare 8-car surface parking lot.
                            
                                Located in a convenient area for commuters, close to the Hudson-Bergen Light Rail Elevator and numerous bus routes to NYC.
                            
                                There are long-term Commercial tenants in the building.

Property Flyers

Marketing Brochure/Flyer

Financial Summary (Actual)

Net Operating Income: $148,276 USD (2024)

Cap Rate:	6.59 %
Total Expenses:	$34,778 USD

Amenities

Air Conditioning
Dishwasher
Vaulted Ceiling

Public Transportation

Commuter Rail	Drive	Walk	Distance
Journal Square (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH))	5 min	-	1.9 mi
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH))	8 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
9th Street - Congress Center (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	8 min	13 min	0.6 mi
Airport	Drive	Walk	Distance
Newark Liberty International	16 min	-	12.1 mi
LaGuardia	33 min	-	13.4 mi
John F Kennedy International	42 min	-	21.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Joachim Horvitz Compass

1074 Summit Ave Jersey City, NJ 07307 The Heights