7 Unit Investment Property For Sale in the Journal Square Section of Jersey City between Sip Avenue and Stuyvesant Avenue. Break Down of Apartments: 6- 2 BR, 1 Bath Apts, 1 - 1BR, 1 Bath Apt. All have Separate Furnaces, H/W, Gas, and Electric. There is a new sprinkler system. Baseboard Heat. Brick Building. Rubber Roof.. Gross Estimated Income $106,152 - Estimate Operating Expenses $31,451 = Estimated Net Operating Income = $74,701 / $1,479,000 = 5% CAP Rate. One Unit is Vacant with potential income of $1,500 per month.
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