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19 Ash Street, Jersey City, NJ
19 Ash Street, United States, New Jersey
GRID Real Estate, LLC (“GRID”), has been exclusively engaged by Ash Str Property LLC to sell 19
Ash Street, Jersey City, located in the Federal qualified Opportunity Zone in the Bergen Lafayette community of Jersey City. Well positioned in the Lafayette Park Redevelopment area at 19 Ash offers a truly unique opportunity to own a classic commercial loft building, in one of Jersey City’s fastest growing Opportunity Zone communities communities.
Located on the corner of Ash Street and Whiton Street, 19 Ash Street, has an ideal location, in one of Jersey City’s hottest and fastest growing neighborhoods. As with most neighborhoods in Jersey City, the commute to Manhattan is among the best available in the region, with close proximity to major public transportation options. 19 Ash is a short walk east to the Liberty State Park light rail station. The light rail line connects to the Exchange Place PATH stop and provides a 7 minute commute to the Oculus-World Trade Center Transportation Hub. The Pavonia Street PATH station, located on the same light rail line, offers an 18-minute ride to Midtown Manhattan (33rd St. & 6th Ave). The transportation options provide convenient connections to everything in the region, including the three major airports.
19 Ash contains, twenty five (25) residential units. The property, 19 Ash Street contains, twenty-five (25) residential units that are just completing construction and pre-TCO. The property sits on 5,101 square feet of property or .12 acres. The building is 28,578 square feet, approximately 4,901 square foot per floor. The property has one (1) elevator.
The property is located on tax block 17,506, lots 2. The real estate taxes for once the building is complete are expected to be $125,464. The following is a summary of the investment analysis of 19 Ash Street.
The property is being sold prior to the start of leasing activity. The following analysis is only a snapshot of the investment, using current financial information GRID has been provided by ownership. You
are expected to create your own Income and Expense pro forma. The following information is meant as just the start of your own due diligence.