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Value Add Industrial Opportunity - 855 Garfield Avenue, Jersey City, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $11,600,000

  • 38,300

  • N/A

  • NOI :

  • Acres :

  • N/A

  • 1.20

  • Property Type :

  • Property Status :

  • Industrial

  • Available

Investment Highlights

  • The subject property is a vacant 36,507 SF Warehouse on a 58,185 parcel in highly desirable Jersey City 
  • Premium location with immediate access to the NJ Turnpike Newark Bay Extension offering immediate access to New York City
  • Annual Property Taxes are currently $73,049.80 per year, approximately $2.00 PSF
  • On-Site parking and some outside storage is available here with 21,678 SF of land 
  • 4 tailboards and 1 drive-in door
  • The property also sits in the Jersey City Redevelopment Plan Area which could lead to a larger multi-family development 
  • Possibly build between 100 and 125 units on site with ground floor retail and below grade parking

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