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98 Wayne St
Jersey City, NJ 07302 Downtown Jersey City

$3,500,000 USD

Apartments For Sale  •  16,000 SF

Property Details

• Property Type Apartments
• Total Building Size 16,000 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1900
• Cap Rate 6.30 %

82 Transit Score

100 Walk Score

Highlights

Jersey City's Van Vorst Park Neighborhood

Diverse Unit Mix

Value Add Potential Upon Turnover (30%+ Upside)

1.5 Blocks to Grove St PATH

Strong Demographics Exceed over $200K Household Income in .5Mile Radius

Cap Rate:

6.30 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Optimum - 98 Wayne

Amenities

• Air Conditioning
• Controlled Access
• Kitchen
• Refrigerator
• Oven
• Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH))	1 min	5 min	0.3 mi
Exchange Place (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH))	3 min	16 min	0.8 mi
Transit/Subway	Drive	Walk	Distance
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH))	1 min	5 min	0.3 mi
Jersey Avenue (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	3 min	8 min	0.4 mi
Marin Boulevard (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	2 min	11 min	0.6 mi
Harsimus Cove (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	3 min	14 min	0.7 mi
Pavonia Newport (22nd Street-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	13 min	-	9.2 mi
LaGuardia	31 min	-	13.5 mi
John F Kennedy International	42 min	-	21.6 mi