42 Lienau Place

42 Lienau Place , Jersey City, NJ 07307

  • For Sale $3,250,000
  • 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

Contacts

broker

Joseph Belgiovine

Providence Real Estate Advisors

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    79/100 Excellent Transit

  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • King Szechuan Palace - Jersey City

    0.04 miles

  • Rizzo Bakery & Pizzeria

    0.12 miles

  • Noches De Colombia

    0.20 miles

  • Low Fidelity

    0.22 miles

  • The Franklin

    0.22 miles

  • Tropicana

    0.23 miles

  • El Pollo Supremo

    0.24 miles

  • Mama Leona Pizza

    0.24 miles

  • McDonald's

    0.25 miles

  • Renato's Pizza Master

    0.28 miles

  • Saint Nicholas School

    0.12 miles

  • Charles E. Trefurt School - PS 8

    0.24 miles

  • St. Joseph's School for the Blind

    0.32 miles

  • Patricia M. Noonan Elementary School

    0.32 miles

  • Jotham W Wakeman Number 6 Elementary School

    0.35 miles

  • Franklin L. Williams Middle School

    0.37 miles

  • Christa McAuliffe School - PS 28

    0.60 miles

  • Nicolas Copernicus Number 25 Elementary School

    0.62 miles

  • Thomas G. Connors Primary School

    0.62 miles

  • Saint Paul of the Cross School

    0.62 miles

  • Dear World Academy

    0.44 miles

  • Viaquenti Academy

    0.51 miles

  • Cresthill Academy

    0.78 miles

  • Franciscan Sisters of St. Elizabeth School and Child Care Center

    1.01 miles

  • Little Bee Learning Studio

    1.04 miles

  • North Hudson Community Action

    1.17 miles

  • Kiddie Academy

    1.23 miles

  • Apple Montessori Schools

    1.24 miles

  • Bright Horizons

    1.26 miles

  • Kidz City

    1.29 miles

Frequently Asked Questions

How much does 42 Lienau Place cost?

The space currently listed for sale at 42 Lienau Place asks for $3,250,000.

What is the total square footage of 42 Lienau Place?

42 Lienau Place totals 8,200 square feet.

When was this property built?

42 Lienau Place was built in 1965.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Joseph Belgiovine

Providence Real Estate Advisors