Jersey City, NJ 07306 · Investment · For Sale · MLS 260015035
331 Baldwin Ave
$2,899,000
Investment
Use
9
Units
1
Days Listed
About this property
Great opportunity to acquire a 9 unit brick investment property, offering stable in place income with significant long term upside. Generating approximately $194,000 in current NOI. Priced at $2.899M, situated within Jersey City’s Journal Square 2060 Redevelopment Zone, the building spans four stories plus a high-ceiling basement. Remodeling and condominium conversion potential with a possibility of property being delivered fully vacant. The lower-level units may offer the opportunity to be duplexed with the basement, while the zoning may permit the addition of up to two stories as of right, subject to buyer due diligence and municipal confirmation. 32.79 x 94.49 lot with a building footprint of approximately 32.79 x 77. Minutes from the Journal Square Transportation Center, the property provides direct PATH access to Manhattan and is surrounded by residential and commercial developments.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07306
MLS #260015035
Space
Units9
Stories4
Investment
Annual taxes$34,205
Est. gross income$285,600
Est. operating expense$56,992
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Jersey City zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 331 Baldwin Ave?
The asking price is $2,899,000.
What is 331 Baldwin Ave zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Jersey City zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 331 Baldwin Ave?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
