Jersey City, NJ 07307 · Investment · For Sale · MLS 260010580
85 Zabriskie St
$2,700,000
Investment
Use
8
Units
0
Parking spaces
52
Days Listed
About this property
Exceptional investment opportunity in the highly desirable Jersey City Heights section. This 8-unit multifamily property offers immediate cash flow with substantial upside through the renovation and repositioning of under-market units. Current gross rental income is approximately $169,700 annually, with the potential to increase to over $225,900 annually after renovating Units 2, 5, and 7. At an offering price of $2,700,000, the property is operating at an estimated 4.79% cap rate with the potential to achieve an estimated 6.87% pro forma cap rate. Investors will appreciate the strong rental demand, proximity to transportation, shopping, dining, and continued growth throughout Jersey City Heights.Property is being sold as-is. Buyer to perform their own due diligence regarding income, expenses, rents, permits, and future projections.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07307
MLS #260010580
Space
Units8
Stories3
Site & exposure
Parking spaces0
Investment
Annual taxes$23,230
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 85 Zabriskie St?
The asking price is $2,700,000.
What is 85 Zabriskie St 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 85 Zabriskie St?
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.
