78Units JC 4 Multifamily Properties Offered at $12,250,000 in Jersey City, NJ
INVESTMENT HIGHLIGHTS
- Desirable Unit Composition: 50-1BR / 19-2BR /4-3BR / 5-Retail
- Tremendous Rental Upside
- Long Term Commercial Tenants with Staggered Lease Expirations
EXECUTIVE SUMMARY
Stabilized In-Place Income:
With a Year 1 cap rate of 6% and NOI over $735K, this deal offers solid immediate cash flow in a core Hudson County submarket.
• Below Replacement Cost Pricing:
At ~$157K per unit, this portfolio is priced well below new construction or replacement cost in Jersey City, leaving room for both rental and appreciation upside.
• Diversified Tenant Mix & Rent Roll Stability:
A healthy mix of 1BR and 2BR units plus five commercial tenants spread across four locations supports consistent income and reduces risk.
• Under-Market Rents:
Average rent $1,178 leaving room for mark-to-market increases.
• Geographic Concentration with Scale:
Offers operational efficiencies and future exit flexibility
• Emerging Submarket with Momentum:
Greenville continues to benefit from spillover demand from Journal Square, Bergen-Lafayette, and Bayonne, driven by renters seeking affordability and proximity to NYC transit.
With a Year 1 cap rate of 6% and NOI over $735K, this deal offers solid immediate cash flow in a core Hudson County submarket.
• Below Replacement Cost Pricing:
At ~$157K per unit, this portfolio is priced well below new construction or replacement cost in Jersey City, leaving room for both rental and appreciation upside.
• Diversified Tenant Mix & Rent Roll Stability:
A healthy mix of 1BR and 2BR units plus five commercial tenants spread across four locations supports consistent income and reduces risk.
• Under-Market Rents:
Average rent $1,178 leaving room for mark-to-market increases.
• Geographic Concentration with Scale:
Offers operational efficiencies and future exit flexibility
• Emerging Submarket with Momentum:
Greenville continues to benefit from spillover demand from Journal Square, Bergen-Lafayette, and Bayonne, driven by renters seeking affordability and proximity to NYC transit.
PROPERTY FACTS
| Price | $12,250,000 |
| Price / SF | $220.30 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 55,605 SF |
| Total Land Area | 0.43 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 190-192 Van Nostrand Ave, Jersey City, NJ 07305 | Multifamily | 17,220 SF | 1928 | - |
| 150 Stegman St, Jersey City, NJ 07305 | Multifamily | 14,562 SF | - | - |
| 80 Martin Luther King Jr Dr, Jersey City, NJ 07305 | Multifamily | 13,506 SF | 1926 | - |
| 200 Dwight St, Jersey City, NJ 07305 | Multifamily | 10,316 SF | - | - |
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