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| Description |
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Developers and Multifamily Investors Delight! Welcome to 91 Romaine Ave, a premium 3 story, 7-unit residential building in the heart of Journal Square, on an oversized 3,337 SQFT oversized lot in R3 Zone. Property is fully occupied with below market rents, offering an upside of up to 59%. Four of the 7 units have been recently renovated. Each unit comes with its own water boiler and PSEG meters. Landlord pays for water, sewer, common electric, trash removal and pest control. Buy and Great Investment with high appreciation in an excellent location. Current R3 Zoning allows for a 4 story building. Collect rents while the land/property appreciates at 8% - 10% yearly rate in the fastest redeveloping neighborhood of Jersey City, Prime Journal Square sub-market. Minutes to Journal Square Path Train, direct trains to NYC Downtown at World Trade Center and Midtown at 33rd Street Station.
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| Details |
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Architectural Type - MultiLevel
Basement - Partial Finish
Exterior Features - Brick
Cooling - A/C Wall, Hot Water
Heating - A/C Wall, Hot Water
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