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Map
$1,509,000
●
Multifamily -
For Sale
816 PAVONIA AVE
JC, Journal Square, NJ 07306
8 Beds
3 Baths
$7,410
Estimated Monthly
$0
HOA / Fees
About This Property
Welcome to 816 Pavonia, a newly renovated 3 story 2 family property
located in the prime JSQ area within redevelopment zone 4, as well
as opportunity zone, and at a 6 minute walk to Journal Square Path.
This fully rented two family home features 8 Bedrooms, 3 Kitchen, 3
Full Bathrooms including a fully finished Basement. Three electric
& gas meters, three separate boilers/water heaters, three-zoned
furnace, and window AC in all rooms. Non-historic, no known
environmental issues, 25' x 100' lot, offering huge opportunity for
a new development of individual condominiums or 8 – 9 rental units
on a 4 story new construction building. Pavonia Ave is surrounded
by 20+ story tower buildings, some under construction and some
recently approved by the planning board. Over 1200 units planned
and approved on 808 Pavonia coming right behind the property. Huge
potential for our developers/investors looking to turn this into a
luxury single family home with home office while overseeing their
neighboring development projects. Owner occupants, move into one of
the units in this turn key property while collecting rent from the
other unit. For Cash Flow investors, sub-metered property is fully
rented with pro-forma rents of $99,600 in gross annual income and
NOI of approx. $87,000 and 5.7% CAP. Be a part of this hustle
bustle before it turns into Midtown of Jersey City!
Unit Size
-
Days on Market
21 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1861
Listed By
Last updated: 21 days ago (HCMLSNJ #240006990)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 16, 2024 | Listed by eXp Realty, LLC | $1,509,000 | |
Listed by eXp Realty, LLC | |||
Sep 28, 2022 | Sold | $1,150,000 | |
Sold |
Property Highlights
Air Conditioning
Interior Details
Basement Information
Basement
Exterior Details
Exterior Information
Brick
Building Details
New Construction
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
4
Beds
2
Baths
-
$1,525,000
May 17, 2023
$1,525,000
Oct 10, 2023
$308/mo
Sold
House
3
Beds
3
Baths
-
$1,330,000
Dec 11, 2023
$1,330,000
Dec 11, 2023
$2,226/mo
Condo
3
Beds
2
Baths
-
$1,380,000
May 17, 2023
$1,380,000
Sep 26, 2023
$244/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/20/2024
|
|
8 Bed
|
3 Bath
|
-
|
$1,509,000
8 Bed
3 Bath
|
-
-
|
-
|
MINNI CHALANA
EXP REALTY LLC
|
09/07/2023
|
|
8 Bed
|
3 Bath
|
-
|
$1,499,000
8 Bed
3 Bath
|
-
-
|
-
|
MINNI CHALANA
EXP REALTY LLC
|
Building Info
816 Pavonia Avenue
816 Pavonia Avenue, Jersey City, NJ 07306
- 1 Unit for Sale