Jc Downtown, NJ 07302,61 ERIE ST

$4,800,000

$4,800,000

Est.Price: ?

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Est. payment /mo

13.5 Baths


SOLD DATE : 03/20/2018

Key Details

Sold Price $4,800,000

Property Type Commercial

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 170008705

Sold Date 03/20/18

Full Baths 12

Half Baths 3

Lot Dimensions 25x100

Property Description

PRISTINE, TURNKEY 7 UNIT MIXED USE BUILDING. 61 Erie is one of the highest quality renovated historic properties in downtown Jersey City and certainly the only one of its caliber to hit the market in years. Oversized and grandfathered for the lot, this 7 unit condo (6 two bed/two bath over 1 street level retail) building is being sold as one and was gut-renovated in 2014 including all new mechanicals, roof, plumbing and electric, HVAC for each unit, historical façade restoration, and new foundation. The street level retail space is home to a very popular Italian gourmet bakery. The upper floors each have two units. All are 2 bed 2 bath with high-end finishes. The basement is fully upgraded with rebuilt foundation walls, new sprinkler room, bathrooms, office, and storage for the retail space above. The property is ideally located on the pedestrian-busy Erie Street corridor and next the bustling Newark Avenue pedestrian plaza/restaurant row. The Grove Street PATH Station is about 4 blocks or a 6 minute walk giving quick and easy access to both the 33rd St and the World Trade Center PATH lines to Manhattan. Commute times are 18 minutes to midtown, 7 minutes to the lower Manhattan transportation hub.

Location

State NJ

County Hudson

Area Jc Downtown

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Listed by KELLER WILLIAMS CITY LIFE JC REALTY
Bought with EXP REALTY LLC
agent-avatar

+1(201) 723-3300

darren@northjerseygroup.com

28 Valley Road Suite 1, Montclair, Jersey, 07042, United States

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