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201-203 Claremont Ave
Jersey City, NJ 07305 Bergen-Lafayette

$3,528,000 USD

Apartments For Sale  •  16,870 SF

Property Details

• Property Type Apartments
• Total Building Size 8,750 SF
• Lot Size 0.13 AC
• Building Class C
• Year Built 1925
• Cap Rate 6.60 %
• Zoning R-1

74 Transit Score

85 Walk Score

Highlights

Value-Add Opportunity | 17 Units | 32% Upside | 6.60% Cap Rate | Less than 25 minutes to Manhattan

Building Highlights | Brick Building | Renovated Units | Strong unit mix of two- & three-bedroom units | Separately metered units

Tenants pay for cooking gas & electric | Landlord pay for heat, hot water, common area electric & water/sewer | Prime Location in Bergen Lafayette

The building is approximately an 7-minute walk to the MLK Drive light rail stop which provides a 17 minute ride to Manhattan via the PATH train.

Cap Rate:

6.60 %

Amenities

• Air Conditioning
• Controlled Access
• Tenant Controlled HVAC
• Heating
• Recycling
• Smoke Free
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower
• Smoke Detector

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	-	2.2 mi
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH))	7 min	-	2.8 mi
Transit/Subway	Drive	Walk	Distance
Martin Luther King Drive (West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	7 min	0.4 mi
West Side Avenue (West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	9 min	0.5 mi
Garfield Avenue (West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Newark Liberty International	12 min	-	8.1 mi
LaGuardia	35 min	-	16.7 mi
John F Kennedy International	46 min	-	25.0 mi