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Ocean Habitat 91 Ocean Ave 3 Unit Apartment Building $825,000 ($275,000/Unit) 8% Cap Rate Jersey City, NJ 07305
EXECUTIVE SUMMARY
Exodus Capital is pleased to present 91 Ocean
Avenue in Jersey City, a well-maintained 3-unit
building in an ideal location. Just two blocks from
the Danforth Light Rail Station and a 30-minute
commute to Penn Station, the property also
offers a convenient bus stop right outside. The
building spans 3,276 square feet and features
two 2-bedroom, 1-bath units and one 3
bedroom, 1-bath unit, all in excellent condition.
Each apartment is thoughtfully updated with
glass showers, granite countertops, and stainless
steel appliances.
Avenue in Jersey City, a well-maintained 3-unit
building in an ideal location. Just two blocks from
the Danforth Light Rail Station and a 30-minute
commute to Penn Station, the property also
offers a convenient bus stop right outside. The
building spans 3,276 square feet and features
two 2-bedroom, 1-bath units and one 3
bedroom, 1-bath unit, all in excellent condition.
Each apartment is thoughtfully updated with
glass showers, granite countertops, and stainless
steel appliances.
PROPERTY FACTS
| Price | $825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8% | Building Size | 3,276 SF |
| No. Units | 3 | Average Occupancy | 66% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2018 |
| Price | $825,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,276 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2018 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (71)
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Ocean Habitat | 91 Ocean Ave
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