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72 Arlington Ave
Jersey City, NJ 07305
72 Arlington Ave · Multifamily Property For Sale
·
7 Units
Investment Highlights
- 7 Oversized 3-Bedroom Units – loft-style layouts with exposed brick and condo-quality finishes.
- Value-Add Upside – 14% potential rent growth; current average rents at $2,650.
- Amenities – rooftop terrace, basement laundry, and fully gut-renovated interiors.
- Attractive Returns – 7.29% cap rate, 8.93% cash-on-cash, and $222,600 gross income.
- Modern Systems – split-unit HVAC and on-demand hot water; tenant-paid utilities.
- Excellent Transit Access – 3-min walk to bus (35 mins to Midtown) and 2.4 miles to Journal Square PATH.
Property Facts
| No. Units | 7 | Building Size | 6,487 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2000 |
| Building Class | B |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 6,487 SF |
| No. Stories | 3 |
| Year Built | 2000 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,750 | 1,177 |
| 3+1 | 6 | $2,700 | 765 - 950 |
Property Taxes
| Parcel Number | 06-23702-0000-00001 | Improvements Assessment | $1,489,300 |
| Land Assessment | $245,000 | Total Assessment | $1,734,300 |
Property Taxes
Parcel Number
06-23702-0000-00001
Land Assessment
$245,000
Improvements Assessment
$1,489,300
Total Assessment
$1,734,300
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