123-125 Booraem Ave JC Heights NJ, 07307
$1,425,000
ML# 220014969
Property Picture

A rare opportunity to get your hands on this unique property in the Heights on tree lined Booraem Ave. Currently operating as a weekly room rental facility-designated Class A, this building has 25 rooms to rent, a large detached garage, huge basement and a long driveway on this 50 by 100 lot. With a super on site and a rigorous application and interview process to keep everything in order, there is nothing to do but to allow this building to generate consistent market income. Seller will accommodate up to 3 months of transition time for new ownership to learn the ropes. This building is in close proximity to Pershing Field Park, the 100 steps into Hoboken, 1 block from the bus stop on Central Ave to Port Authority, and near the Jersey City Reservoir Reconstruction project which will be opening soon to the public. Being a generational property, this is truly a one of a kind investment. Not to mention boasting an attractive 7.22% cap. rate with plenty of upside for more! With monthly rentals so high, vacancies are near non-existent with this cash cow. 123-125 Booraem Av is a standout opportunity to consider. Inquire within.

    Presented by Tarek Hassieb
    Tarek Hassieb Sales Associate 201-222-2900 732-874-3999 201-222-2811 thassieb@libertyrealty.com
    Presented by John Manfredonia
    John Manfredonia Sales Associate 201-222-2900 201-362-6433 201-222-2811 jmanfredonia@libertyrealty.com