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38 and 92 Wayne Street
Jersey City, NJ Downtown Jersey City

$5,000,000 USD

Multifamily For Sale • 14,048 SF

2 Properties View all

Property Details

Property Type Multifamily
Cap Rate 5.84 %

82 Transit Score

100 Walk Score

                
                    Highlights
                
                                •	17 total residential units across two buildings; Two classic masonry buildings with long-term durability
                            
                                •	Prime Historic Downtown Jersey City location; Steps to Grove Street PATH, retail, dining, and nightlife
                            
                                •	92 Wayne Street: 9 large 2BR / 1BA units (~825 SF)
                            
                                •	38 Wayne Street: 8 1BR / 1BA units (~650 SF) plus bonus unit
                            
                                •	Tenants pay utilities; rents registered
                            
                                •	Professional management in place with Approx. $60,000 in recent façade improvements

Property Flyers

Wayne Street Investment Package OM WEB FORMAT

Cap Rate:

5.84 %

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	4 min	0.2 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	0.2 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))	2 min	9 min	0.5 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	10 min	0.5 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))	4 min	13 min	0.7 mi
Harborside Financial Center (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	15 min	0.8 mi
Airport	Drive	Walk	Distance
Newark Liberty International	13 min	-	9.2 mi
LaGuardia	30 min	-	13.4 mi
John F Kennedy International	40 min	-	21.6 mi

Jesse Toledano 917-923-3266 Modern Spaces

38 and 92 Wayne Street Jersey City, NJ Downtown Jersey City

$5,000,000 USD

Property Details

Highlights

Property Flyers

Public Transportation

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38 and 92 Wayne Street
Jersey City, NJ Downtown Jersey City