42 Lienau Place

For Sale

42 Lienau Place , Jersey City, NJ 07307

This Jersey City property for sale is located at 42 Lienau Place . The current listed sale price for 42 Lienau Place is $3,250,000. 42 Lienau Place is situated on a lot that is 0.2 acre in size.

Contacts

broker

Joseph Belgiovine

Providence Real Estate Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 8,200 SF
  • Units 12
  • Lot Size 0.2 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1965
  • Year Renovated 2023
  • Date Updated Oct 16, 2024
42 Lienau Place in Jersey City is an excellent opportunity for multifamily investors. This 12-unit property offers significant value-add potential with a 27% rental upside, making it an attractive investment in a rapidly appreciating market. The building includes onsite assigned parking and laundry facilities in the basement, adding to tenant convenience. Nine out of twelve units have been recently updated with new kitchens and bathrooms, reducing immediate capital expenditures. The property also features private courtyard entrances, providing a sense of privacy and enhancing curb appeal. Located in the desirable Heights section of Jersey City, the property benefits from a Walk Score of 99, indicating easy access to local amenities, including retail corridors and parks. Commuters will appreciate its proximity to Hoboken Light Rail and other transportation options, offering a quick 11-minute ride to the World Trade Center. Additionally, the property is less than 10 miles from Newark Airport and has easy access to major highways I-78 and I-95, making it ideal for professionals and families alike.27% upside in residential rents

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Highlights

  • Value Add Opportunity
  • • 27% upside in residential rents
  • • Rapidly appreciating market
  • • Surrounded by class A/B construction
  • Access to Transportation
  • 1 mile to Hoboken Light Rail Station
  • • 11 min ride to World Trade Center
  • • Less than 10 Miles to Newark Airport
  • • Easy access to I-78 and I-95
  • Central Location
  • • Located on major retail corridor
  • • 5 Miles to Penn Station and World
  • Trade Center
  • • Easy access to downtown Jersey City
  • • Located near local park, pools, and
  • schools
  • Capital Improvements
  • • Roof replaced (2017)
  • • 8 hot water heaters (2019)
  • • 9 of 12 apartments new Kitchen and
  • Bathrooms

Getting around

  • 94/100

    Walk Score ®

  • 79/100

    Transit Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Jersey City, NJ
  • Neighborhood Waverly
  • Zip Code 07307
  • Market New Jersey

Points of Interest

  • Hoboken Terminal

    1.19 miles

  • Hoboken

    1.24 miles

  • PATH Elevator

    1.25 miles

  • Grove Street PATH Trains

    1.48 miles

  • Grove Street (PATH)

    1.51 miles

  • Grove Street

    1.54 miles

  • Exchange Place

    1.89 miles

  • Secaucus Junction

    1.96 miles

  • Holiday Taxi

    2.08 miles

  • West Side Avenue

    2.59 miles

  • Exxon

    0.52 miles

  • Shell

    0.60 miles

  • Sunoco

    0.66 miles

  • BP

    0.69 miles

  • Fuel 4

    0.70 miles

  • Valero

    0.72 miles

  • Lukoil

    0.80 miles

  • Tesla Supercharger

    1.11 miles

  • CarePoint Health Christ Hospital

    0.30 miles

  • Dunkin Donuts Parking lot

    0.38 miles

  • Sky Club Parking Garage

    0.46 miles

  • Parking Garage

    0.80 miles

  • Midtown Garage

    0.84 miles

  • Impark

    0.90 miles

  • Washington Park Parking Lot

    0.96 miles

  • West Garage

    1.08 miles

  • North Garage

    1.10 miles

  • Newport River Market Garage

    1.15 miles

  • Skyway Motel

    0.65 miles

  • Rodeway Inn

    0.75 miles

  • Holiday Inn Express & Suites

    0.79 miles

  • Haiban Inn

    0.79 miles

  • The Holland Hotel

    0.92 miles

  • Ramada Jersey City

    1.00 miles

  • Days Inn

    1.10 miles

  • Ewards Hotel

    1.11 miles

  • W Hotel

    1.23 miles

  • Courtyard Jersey City Newport

    1.25 miles

  • Stop & Shop

    0.18 miles

  • Supremo

    0.18 miles

  • Vidalia y Quisqueya Deli & Grocery

    0.22 miles

  • Singh's Farms

    0.23 miles

  • Giovanni's Little Market

    0.75 miles

  • Food Story Natural Market

    0.75 miles

  • Jaritza II Supermarket Grocery

    0.82 miles

  • Acme

    0.86 miles

  • C-Town

    0.87 miles

  • Target

    0.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Joseph Belgiovine

Providence Real Estate Advisors