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  2. 2925 Atlantic Avenue
  • 2925 Atlantic Avenue
  • $ 998,000
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401

2925 Atlantic Avenue

Jersey City

Price Drop
Building For Sale
$ 998,000 [ 8.1% | $ -88,000 ]
Ownership Mixed Use
Lot Size 38'x113'
Status Active
Real Estate Taxes [Per Annum] $ 21,385
Building Size 38'x80'
ASF/ASM 8,942/831
 

Photos

2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401

Property Description

It is an honor to announce a mixed used building in Atlantic City, New Jersey just post to market, which is located in a busy shopping center, adjacent to casinos and commercial buildings. The land area is 4238 sq ft, and the building’s area is 8942 sq ft. It contains a total of 7 units, two retail stores on the ground floor, the leases will end in 2029 and 2031, 3% rent increase per year, tenants pay 1/7 of the water bill each; 5 residential units sign lease annually, Apt#1,Apt#2 on the 2nd floor, Apt#3, Apt#4 on 3Rd floor, all of them are 3 beds and 2 bath on each, Apt#5 is 1bed and1 bath on the rear of 1st floor. hot water and heating have been separated, tenants pay for their own utilities. the gross income is $129,660, expenses is about $32,000. The building is well maintenance, easy handling with stable growth income, 8.5% cap rate. it is a great opportunity for investors, the motivated seller is ready to hear all offers.
It is an honor to announce a mixed used building in Atlantic City, New Jersey just post to market, which is located in a busy shopping center, adjacent to casinos and commercial buildings. The land area is 4238 sq ft, and the building’s area is 8942 sq ft. It contains a total of 7 units, two retail stores on the ground floor, the leases will end in 2029 and 2031, 3% rent increase per year, tenants pay 1/7 of the water bill each; 5 residential units sign lease annually, Apt#1,Apt#2 on the 2nd floor, Apt#3, Apt#4 on 3Rd floor, all of them are 3 beds and 2 bath on each, Apt#5 is 1bed and1 bath on the rear of 1st floor. hot water and heating have been separated, tenants pay for their own utilities. the gross income is $129,660, expenses is about $32,000. The building is well maintenance, easy handling with stable growth income, 8.5% cap rate. it is a great opportunity for investors, the motivated seller is ready to hear all offers.

Listing Courtesy of Century 21 Realty First

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

2925 Atlantic Avenue Jersey City Atlantic City NJ 08401
2925 Atlantic Avenue Jersey City Atlantic City NJ 08401

Building Details [2925 Atlantic Avenue]

Ownership Mixed Use
Block/Lot 269/2
Building Size 38'x80'
Zoning NC-2
Lot Size 38'x113'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 488542