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229 Summit Ave
Jersey City, NJ 07304 McGinley Square

$1,625,000 USD

Apartments For Sale  •  3,990 SF

Property Details

• Property Type Apartments
• Total Building Size 4,500 SF
• Lot Size 0.08 AC
• Building Class C
• Year Built 1884

74 Transit Score

96 Walk Score

Highlights

19% Upside

Average Rents $2,013, with Market Rents $2,400

8.65% Cash on Cash Return

5 Parking Spots

New Boilers & Heaters – 2024

All Separately Metered

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))	2 min	14 min	0.7 mi
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH))	4 min	-	1.7 mi
Transit/Subway	Drive	Walk	Distance
Garfield Avenue (West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	13 min	-	9.1 mi
LaGuardia	32 min	-	14.2 mi
John F Kennedy International	41 min	-	22.4 mi