17-19 cleveland ave. · 2020. 6. 30. · nj. 17 and 19 cleveland ave are two buildings that will be...
TRANSCRIPT
17-19 Cleveland Ave.
Six Unit Multi Family with Garage and Off Street Parking
INVESTMENT RATIONALE
Executive Summary
LG Property Solutions presents an opportunity to
own a commercial residential multi unit in Harrison,
NJ. 17 and 19 Cleveland Ave are two buildings that
will be sold together as a commercial property. 17
Cleveland Ave was recently renovated and 19
Cleveland Ave offers a newly built building. They
share a common facade, parking lot, and garage
structure. The entire structure contains six units
comprising of one studio unit, one two bedroom unit
and four three bedroom units.
Existing Value Propositions
• Convenient Access to major roadway, PATH station, retail, and restaurants
• No Rent Control – potential to increase rent during current inflationary economic cycle
• Non-recourse loan option from Fannie Mae
• Parking spaces and detached garages
• Near institutions of higher learning
• Diverse and expanding population
Property Overview
Address 17/19 Cleveland Ave
City/State Harrison NJ
Lot Size Two 25 X 100
Property Type Each building contains 3 units
Occupancy 100%
17 Cleveland
Unit Mix
1 studio/1-bath
2 3-beds/2-bath
19 Cleveland
Unit Mix
1 2-beds/1-bath
2 3-beds/2-bath
Location Overview
Centrally Located
Location Map
Financial Analysis
Gallery
Gallery
Wenhao Gai Marketing, Research
Extension: 701
Bruce Harris Client Relations,
Construction Management Extension: 708
Ye Jia Building and Interior Design, Construction Management
Extension: 703
Yun Lei Research, Technology
Extension: 707
Tonny Onchonga Technology
Extension: 706
Darren Chan Research, Property Management
Construction Management Extension: 700
www.lgpropertysolution.com
Tel: (201) 367 – 1753 | Email: [email protected]