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135-137 Griffith St 7 Unit Apartment Building $1,675,000 ($239,286/Unit) 6.83% Cap Rate Jersey City, NJ 07307
Executive Summary
Own a rare 7-unit multi-family in the heart of Jersey City Heights, close to transportation to NYC and the shops and dining on Central Avenue. The property features a mix of 1- and 2-bedroom apartments with strong rental income and upside potential through updated rents or repositioning. It has been fully renovated in past years and offers separate utilities.
Property Facts
| Price | $1,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $239,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.83% | Building Size | 2,500 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1907 |
| Property Subtype | Apartment | ||
| Zoning | RESB | ||
| Price | $1,675,000 |
| Price Per Unit | $239,286 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,500 SF |
| No. Stories | 2 |
| Year Built | 1907 |
| Zoning | RESB |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Trash Pickup - Curbside
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-03801-0000-00004 | Improvements Assessment | $540,000 |
| Land Assessment | $360,000 | Total Assessment | $900,000 |
Property Taxes
Parcel Number
06-03801-0000-00004
Land Assessment
$360,000
Improvements Assessment
$540,000
Total Assessment
$900,000
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135-137 Griffith St
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