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202 Hutton St
Jersey City, NJ 07307 The Heights

$1,418,000 USD

Apartments For Sale  •  5,100 SF

Property Details

• Property Type Apartments
• Total Building Size 4,500 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1900
• Zoning R-2, Jersey City

80 Transit Score

100 Walk Score

Highlights

6-unit value-add multifamily in The Heights, Jersey City with 6.65% cap rate.

17% upside in rents with all two-bedroom renovated units and separate meters.

Tenants pay heat, cooking gas, and electric; landlord pays water/sewer only.

Prime location just 6 minutes to bus stop with 28-minute ride to Midtown Manhattan.

Strong in-place NOI of $94,296 and attractive price per SF of $315.

All units are two-bedroom layouts, appealing to a wide tenant base.

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))	4 min	-	1.3 mi
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH))	8 min	-	2.2 mi
Transit/Subway	Drive	Walk	Distance
2nd Street (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))	6 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	16 min	-	8.9 mi
LaGuardia	32 min	-	14.3 mi
John F Kennedy International	43 min	-	22.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes