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There’s just something about a property that shows a return on investment right now, and plenty of upside for an owner with the imagination to execute. This renovated four-family brownstone at 145 Grand Street in downtown Jersey City’s prestigious Paulus Hook neighborhood is exactly that kind of opportunity, boasting an impressive rent roll as well as the ability for the owner to extend the building by 30 feet at the back of the property.
The four units bring in between $2,150 and $2,345 apiece, and each has stainless steel appliances, marble bathrooms, mahogany stained doors, and high ceilings.
The building offers a common shared backyard, laundry room with washer and dryer, and storage, with separate utilities for each residence.
This building occupies a prime spot on a tree-lined street, just steps away from the Grove Street PATH station, the light rail station at Marin Boulevard, and the ferry terminal at Liberty Harbor. Also nearby are the NYC ferry and Exchange Pl PATH, as well as restaurants like Satis Bistro, Amelia’s, and Light House Tavern, as well as the Goldman Sachs tower.
145 Grand Street is a compelling investment opportunity at $2,700,000. For more information, contact Amar Mody at 732-208-8505 or [email protected].
Listing: 145 Grand Street, Jersey City
Agent: Amar Mody / RE/MAX