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Builder/investor opportunity -3 story ground up 5 units

Posted by Larry Buntin on July 11, 2011 at 9:30am
Jersey City Heights  Excellent location
  • Irregular 35 x 38 x 91 x 68   
  • Corner of Cuneo, One block to Ogden, 4 blocks to light rail
  • Existing: vacant Brick 2 story   Approx: 30 x 38 to be demolished
  • First floor commercial, second floor residential, full basement
  • Adjacent gated parking
  • Taxes: $7248 / 2010

 

JC Planning Board approvals pending for proposed 3 story

  • 5 residential units
  • Each 2 bedroom/2 baths (Approximately 900 -1200 SqFt each)
  • Covered parking for 6 cars
Total new construction SqFt = 5900

Architectural plans available for inspection

Asking:  $550,000

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Replies

  • Larry Buntin July 12, 2011 at 9:44am

    Joel,  Small world …. I just found this sight and thought I would try a couple of listings.    Who are you  working with here in JC?   I work with several different builders.  The project works best as a rental (especially in this market).     I will send the proforma via email.

     

    The property is to be delivered with approvals.   Let me know if I can get you any additional info.    Thanks  Larry

  • Hardmoney
    Joel Kraut July 11, 2011 at 10:52pm

    Larry,

     

    Small world, Joel Kraut - Progress Realty Adivors, through Bob Serao here.  Do you have your usual proforma for this when completed?

     

    I have two players in JC that like to build.

     

    Thanks,

     

    Joel

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