$5,250,000
$5,250,000
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SOLD DATE : 08/16/2024
Key Details
Sold Price $5,250,000
Property Type Commercial
Sub Type 5+Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23036548
Sold Date 08/16/24
Style 5+Family
Annual Tax Amount $74,837
Property Description
Rare opportunity to own a five story 29-unit brick residential elevator building ideally situated in the heart of idyllic Weehawken, NJ on a beautiful tree-lined street in highly sought-after neighborhood located just one block from Boulevard East promenade and a short commute into midtown Manhattan. Comprised of 18 one- and 11 two-bed/one bath units, some with Manhattan skyline views, residents enjoy easy access to major highways and public transportation including NJ Transit express buses, NY Waterway Ferry, Light Rail, Lincoln Tunnel and I-95 as well as an abundance of local shops, cafes, restaurants, lovely parks, playgrounds and Weehawken Reservoir, and just minutes to bustling Hoboken, Trader Joe's and Whole Foods. The building is fully occupied and all tenants have leases and pay separately metered electric and cooking gas. Prime investment opportunity offering an ideal addition to an investment portfolio or 1031 exchange.
Location
State NJ
County Hudson
Area Weehawken
Exterior
Utilities Available Gas, Munincipal Water, Sewer
Roof Type Flat
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28 Valley Road Suite 1, Montclair, Jersey, 07042, United States