On the Market: 5 Interesting Listings for the Week of 9/18
This week's listings include the recently completed rehabilitation of an historic 18-unit building in Jersey City, N.J., and a new townhouse asset in New Hampshire that comes with an adjacent lot available for future development.
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Location: Jersey City, N.J.
Occupancy: 100 percent
Building Size: 30,000 SF
Features: Recently completed historic rehabilitation of four-story landmark building; transit-oriented location at the corner of Erie and Bay Streets in downtown Jersey City, one block from the Grove Street PATH station; property consists of one four-story building that includes a lower-level restaurant with a kitchen, speakeasy, party room and bars.
Contact: Bobby Antonicello, Jr., Grid Real Estate, 201-254-8734
4527 N. Sheridan Road
Location: Chicago, Ill.
Price: $5.9 million
Building Size: 38, 954 SF
Features: Property consists of five buildings side-by-side totaling 33 apartments and four retail spaces on the ground floor; central heat system recently replaced; tenant-paid cooking gas and electric; four of the five buildings have individual forced-air furnaces, hot water tanks and separate electric and gas meters; uptown location two blocks from new CTA Wilson Red Line Train stop; unit mix consist of 12 one-bedroom, 17 two-bedroom, two three-bedroom and three studio units.
Contact: Michael Rayan, Rayan Realty & Management, 773-406-6550
One Riverside Place
Location: Boscawen, N.H.
Price: $4.3 million
Building Size: 47,000 SF
Features: Townhouse condominium project located on the banks of the Contoocook River; 21 of the total 38 units are built and the rest will be made ready for occupancy by the seller; all units have two bedrooms with one-and-a-half or two-and-a-half bathrooms depending on floor plan; three stories with balconies, central air conditioning and a one-car garage; project is situated on 10.46 acres and is offered with the adjacent 2.2-acre Lot 62-5, which is available for possible further development; location provides easy access to downtown Concord and I-93.
Contact: Dan Scanlon, Colliers International, 603-206-9605
5709 Hazeltine Ave.
Location: Sherman Oaks, Calif.
Price: $1.3 million
Building Size: 4,482 SF
Features: Two-story apartment building built in 1964; sits on a 5,285-square-foot lot; unit mix of two two-bedroom and two three-bedroom units; average unit floor plans are upwards of 1,000 square feet; property has been well maintained; central air conditioning; maintenance and utility expenses are limited, due to partial copper plumbing and individual water heaters.
Contact: Rick Raymundo, Marcus and Millichap, 213-943-1855
West Main at the Park
Location: Hillsboro, Ore.
Price: $5.3 million
Building Size: 31,780 SF
Features: Built in 1994; lot size of more than 5 acres; property consists of five two-story buildings with a mix of large one-, two-, and three-bedroom apartments; 35 of the 40 units have been upgraded with new flooring, kitchen counters, bathroom vanities, interior doors, fans and fixtures; all two-bedroom units have washer and dryer hookups; community amenities include barbecue grills, picnic tables, a horseshoe pit and a large yard.
Contact: Rob Marton, HFO Investment Real Estate, 503-241-5541
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