OPPORTUNITYZONE 112-118 TONNELLE AVE 16 BROADWAY JOURNAL SQUARE PORTFOLIO JERSEY CITY, NJ ASKING PRICE: $7,100,000 | 2 BUILDINGS | 40 UNITS | $177,500 PER UNIT JOURNAL SQUARE PORTFOLIO EXCLUSIVELY LISTED BY FAHRI OZTURK First Vice President Investments NEW JERSEY OFFICE Tel: (201) 742.6170
[email protected] RICHARD GATTO National Multi Housing Group NEW JERSEY OFFICE Tel: (201) 742.6137
[email protected] MICHAEL MEISNER Associate Investments NEW JERSEY OFFICE Tel: (201) 742.6129
[email protected] 01 INVESTMENT OVERVIEW Executive Summary Investment Highlights Location Overview Demographics 02 PROPERTY MAPS & PHOTOS Property Maps Exterior Photos Interior Photos 03 FINANCIAL ANALYSIS Income Statement Rent Roll Rent Roll Analysis Property Descriptions JOURNAL SQUARE PORTFOLIO TABLE OF CONTENTS JOURNAL SQUARE PORTFOLIO EXECUTIVE SUMMARY S E C T I O N 01 40 2 NUMBER OF UNITS NUMBER OF BUILDINGS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap EXECUTIVE SUMMARY $7,100,000 VITAL DATA CURRENT PRO FORMA OFFERING PRICE Price $7,100,000 Cap Rate 4.08% 8.90% Down Payment $3,905,000 GRM 14.19 8.09 Loan Amount $3,195,000 Cash-on-Cash 2.67% 11.28% $289,360 Amortization 30 Years Net Operating Income $289,360 $631,934 CURRENT NOI Interest Rate 4.01% Net Cash Flow After Debt Service $106,098 $448,672 Number of Units 40 Price/Unit $177,500 4.08% Number of Buildings 2 CURRENT CAP RATE SUBJECTPROPERTIES ADDRESSES UNITS APPROX.