Mixed-Use Portfolio | High NOI
3 Propriétés Vente à l’encan en ligne Jersey City, NJ
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Assemblage contigu à usage mixte à trois propriétés comprenant des immeubles de bureaux, des unités spécialisées et des logements multifamiliaux avec un niveau d'intérêt élevé et la capacité d'ajouter de la valeur.
- Possibilité d'ajouter de la valeur en louant des espaces vacants aux tarifs du marché ou en utilisant des logements inoccupés pour les propriétaires/utilisateurs.
- Entouré de commodités de quartier avec des magasins locaux, des restaurants et des divertissements pour les détaillants nationaux et les produits de première nécessité.
- Emplacement incroyable de Jersey City à Greenville avec accès à l'péage du New Jersey, au transport en commun du New Jersey, au train léger et plus encore.
- Portefeuille impeccablement entretenu avec un important investissement en capital de 579 000$ depuis 2021, permettant une transition facile vers une nouvelle propriété.
RÉSUMÉ DE L'ANNONCE
Incredible opportunity to purchase a cash-flowing assemblage on Kennedy Boulevard in Jersey City. Spanning almost the entire frontage on Kennedy Boulevard between Lembeck and Pearsall Avenues, this assemblage consists of three total assets: 1664, 1668, and 1670 Kennedy Boulevard.
1664 Kennedy Boulevard is a fully occupied two-story commercial building. The property is leased to Cross River Physical Therapy, a premier provider of ABA therapy to autistic children. The occupant is a fantastic credit tenant with a long-term lease, mitigating ownership risk.
1668 Kennedy Boulevard is a single-story, state-licensed funeral facility. This building includes a chapel, viewing area, offices, and a morgue. The space was specifically built out as a funeral facility for the Jackson Funeral Residence of JC and is shared by Garret Family Mortuary. The Jackson Funeral Residence of JC is a 50+ year-old multi-generational family business and a cornerstone of the community. These tenants are on a long-term lease and the new owner can expect stability because of the large capital expenditure to open a new facility.
1670 Kennedy Boulevard is a two-story mixed-use building that consists of offices for the funeral home and two, two-bedroom, one-bathroom apartments. This asset also has a driveway with four parking spots with access from Lembeck Avenue.
Upon purchasing these properties, the current owner did significant capital expenditures and renovations, bringing the properties up to modern-day standards and eliminating most, if not all, deferred maintenance. With separate utilities, most of the retail tenants carrying property insurance for their respective buildings, and few needed repairs, this assemblage has an incredible expense ratio of 15% to gross income.
Jersey City is the ultimate place for investment, largely due to solid renter demand, proximity to New York City, and continuing development. Just outside of New York City, Jersey City provides a more affordable rental rate for businesses and individuals alike. With several modes of transportation nearby, travel to and from the area is a breeze, whether it be via highway, public transit, or by foot. Jersey City is seeing more development in real estate and infrastructure, drawing in more people to the area.
With little maintenance, a high net operating income, and some upside in the residential rents with no rent control, this is the perfect high-yielding, low-effort turnkey investment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
1664 Kennedy Boulevard is a fully occupied two-story commercial building. The property is leased to Cross River Physical Therapy, a premier provider of ABA therapy to autistic children. The occupant is a fantastic credit tenant with a long-term lease, mitigating ownership risk.
1668 Kennedy Boulevard is a single-story, state-licensed funeral facility. This building includes a chapel, viewing area, offices, and a morgue. The space was specifically built out as a funeral facility for the Jackson Funeral Residence of JC and is shared by Garret Family Mortuary. The Jackson Funeral Residence of JC is a 50+ year-old multi-generational family business and a cornerstone of the community. These tenants are on a long-term lease and the new owner can expect stability because of the large capital expenditure to open a new facility.
1670 Kennedy Boulevard is a two-story mixed-use building that consists of offices for the funeral home and two, two-bedroom, one-bathroom apartments. This asset also has a driveway with four parking spots with access from Lembeck Avenue.
Upon purchasing these properties, the current owner did significant capital expenditures and renovations, bringing the properties up to modern-day standards and eliminating most, if not all, deferred maintenance. With separate utilities, most of the retail tenants carrying property insurance for their respective buildings, and few needed repairs, this assemblage has an incredible expense ratio of 15% to gross income.
Jersey City is the ultimate place for investment, largely due to solid renter demand, proximity to New York City, and continuing development. Just outside of New York City, Jersey City provides a more affordable rental rate for businesses and individuals alike. With several modes of transportation nearby, travel to and from the area is a breeze, whether it be via highway, public transit, or by foot. Jersey City is seeing more development in real estate and infrastructure, drawing in more people to the area.
With little maintenance, a high net operating income, and some upside in the residential rents with no rent control, this is the perfect high-yielding, low-effort turnkey investment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Operating and Financial Statements
- Purchase Agreement
- Rent Roll & Leases
- Misc. Information
FAITS SUR LA PROPRIÉTÉ
| Condition de vente | Vente à l’encan |
| Types de propriétaire | Pleine propriété |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 3 |
| Taille totale du bâtiment | 9 346 pi² |
| Superficie totale du terrain | 0,12 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION |
|---|---|---|---|
| 1670 John F Kennedy Blvd, Jersey City, NJ 07305 | Bureau | 6 000 pi² | 1900 |
| 1664 John F Kennedy Blvd, Jersey City, NJ 07305 | Local commercial | 1 762 pi² | 1960 |
| 1668 John F Kennedy Blvd, Jersey City, NJ 07305 | Local commercial | 1 584 pi² | 1950 |
À PROPOS DE LA PLATEFORME DE VENTES À L’ENCAN
Ten-X Commercial est la principale plateforme de transaction numérique complète de l’immobilier commercial. Comptant plus de 26 milliards de dollars (US) vendus, la plateforme Ten-X permet aux courtiers, aux vendeurs et aux acquéreurs de disposer d’une technologie basée sur les données et d’outils marketing complets pour accroître la visibilité du marché et réduire le temps de clôture. Ten-X donne constamment des taux d’ententes deux fois supérieurs à la moyenne de l’industrie. Ten-X accélère l’ensemble du calendrier des transactions de l’immobilier commercial en permettant aux courtiers et aux vendeurs d’exploiter une plateforme numérique qui facilite l’intégration des propriétés, l’évaluation de la réussite des campagnes de marketing omnicanal gratuites et le suivi des meilleurs clients potentiels. Les acquéreurs sont jumelés avec précision à des propriétés qui correspondent à leurs objectifs d’investissement, avec un accès sans précédent à des analyses de marché et à des documents de vérification diligente pour les aider à acquérir des propriétés en ligne en toute sécurité et en toute confiance.
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CONTACT POUR LA VENTE À L’ENCAN
Kevin Loudy
Contact
Permis de l’encanteur:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
