House Description

This is a rare and exceptional opportunity to acquire a fully gut-renovated, 10-unit multifamily building at 208 15th St, located in the dynamic and rapidly appreciating Downtown Jersey City market. This turnkey asset offers a perfect blend of luxury, location, and stability, making it an ideal investment for both seasoned investors and those looking to enter the high-growth Jersey City real estate market. The building has undergone a complete transformation, with every detail considered for modern luxury living. Upon entering, tenants and guests are greeted by a beautifully designed and inviting lobby, adorned with large mirrors that create a sense of elegance and space, setting the tone for the high-end residences within. Each of the ten units has been meticulously renovated to the highest standards, featuring modern amenities that are highly sought after by today's renters. Unit highlights include gourmet kitchens with brand new stainless steel appliances, premium countertops, and custom cabinetry. The bathrooms feature stylish fixtures and sleek finishes, and every unit has an in-unit washer and dryer. You will also find beautiful hardwood floors and thoughtful design details throughout each residence. A significant draw for tenants are the first-floor units that offer highly desirable private backyard access, providing a serene urban oasis. With a mix of unit layouts, the building is poised to attract a diverse and stable tenant base. The prime location provides exceptional tenant demand, as it's just steps from the vibrant Hamilton Park and Newport neighborhoods. The building offers unparalleled access to public transportation, including the PATH train to Manhattan, the Holland Tunnel, and a wealth of dining, shopping, and entertainment options. This property represents a secure, high-yield investment with the potential for long-term appreciation in one of the most sought-after submarkets in the Tri-State area. Beyond its strong rental income potential, this asset also presents a compelling exit strategy. The building is prime for a potential condo conversion, allowing for the opportunity to sell off each unit individually at a significant premium, maximizing your return on investment. Don't miss this chance to own a professionally managed, fully modernized building in a premier location.

Highlights

Listed by JILL BIGGS , 201-212-5026 COLDWELL BANKER REALTY , 201-212-5026. Hudson County Multiple Listing Service

Property Type

Commercial Sale

County

Hudson

Neighborhood

Downtown

Listing ID

260001094

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Payment Breakdown

Principal Interest

$19,848

Taxes

$2,277

Home Price

$3,900,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$780,000

Down Payment

Down Payment %

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Monthly Price:

$19,847.91

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$19,847.91	$2,277.00	$0.00	$22,124.91
Yearly	$238,174.92	$27,324.00	$0.00	$265,498.92
Total	$7,145,247.56	$819,720.00	$0.00	$7,964,967.56