2321 John F Kennedy Blvd - Apartments FOR SALE


Jersey City, NJ 07304- Bergen-Lafayette
$1,500,000 USD
201-205-8972
2321 John F Kennedy Blvd, Jersey City, NJ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/34
null | 9.03% Cap Rate

2321 John F Kennedy Blvd
Jersey City, NJ 07304
Bergen-Lafayette


HIGHLIGHTS

  • 9% Projected Cap Rate - Based on market rents
  • 6 Units Total - 4 Residential + 2 Commercial
  • 5 of 6 Units vacant & Rent Ready - Immediate leasing Upside
  • No Rent Control - Market Rate Rental Flexibility
  • 5/6 Units fully Renovated
  • Prime Location - West Bergen, steps to Schools, shops, NYC bound buses & Lincoln park

OVERVIEW

Looking for a high-yield Jersey City investment with long-term upside and low operating costs? This 6-unit mixed-use building in the heart of West Bergen offers a 9% projected cap rate, five vacant units ready to lease, and no rent control — a rare opportunity for strategic investors.The property features four renovated residential units (spacious 2- and 3-bedroom layouts) and two commercial spaces — one recently renovated, and the other leased at $1,200/month (below market, expired lease) and currently used as storage for a nearby laundromat. Designed for cost-conscious ownership, each residential unit includes a tankless water heater, separate utilities, and hallway light sensors controlled directly by the tenants, reducing common area electricity expenses and simplifying management.Surrounded by shops, schools, restaurants, and NYC-bound transit, this location offers both convenience and rental demand in a growing market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

-

CAP RATE

9.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

06-19302-0000-00039

ASK ABOUT THIS PROPERTY

Sandy MeladKeller Williams Team RealtyMore Info
201-205-8972

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Sandy MeladKeller Williams Team RealtyMore Info
201-205-8972

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