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Property Description

MIXED USE OPPORTUNITY — JERSEY CITY

Great opportunity to purchase a newly renovated mixed-use building in the heart of McGinely Square on Monticello Avenue. The Lichtenthal’s Building has been historically repositioned back to its original charm, boasting a 2,000Sqft retail + basement as well as a fully rented residential component. Owner occupies the retail and run your business for free!

INCOME

Projected Gross Income Residential (EGI) $6,625.00
Projected Gross Income Commercial (EGI) $3,000.00
Other Income (Parking, Vending, Antennas) $0
Vacancy/Collection Loss (5%) ($481.25)
Estimated Gross Income (Annual) $109,725.00
Net Operating Income $88,941.00

EXPENSES

Property Taxes (2019) $8,184.00
Water and Sewer $4,800.00
Heat/Hot Water $0
Insurance $3,800.00
Repairs/Maintenance $4,000.00
Common Electric (PPSF) $0
Total Expenses $20,784.00

UNIT MIX

Unit 1 $1,675.00 Brand New Renovation
Unit 2 $1,650.00 2Bed/1Bath
Unit 3 $1,600.00 Washer/Dryer
Unit 4 $1,700.00 High Efficiency Water Boiler
RETAIL $3,000.00 (Vacant) Hard Wood Flooring
Address Map
137
Monticello Avenue
07304

137 Monticello Avenue, Jersey City

137 Monticello Avenue, United States, New Jersey 07304

9,000 Sqft
$1,300,000
Basic Details
Property Type : Retail
Listing Type : Sold
Asking Price : $1,300,000
Square Footage : 9,000 Sqft
Lot Area : 2,500 Sqft
Frontage : 25'
Building Description : 3S-B-C-4U-H
Lot Dimensions : 25x100
Residential GSF : 6,000 SF
Retail GSF Zoning : 2,000 SF + Basement
UEZ/OZ : Yes/Yes
Median HH Income : $48,206.00
Population (1mi) : 89,036
Elevator Capacity : 3,500lbs
Agent info
Gregory D. Edgell
GRID Real Estate
Contact Agent
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