235 Liberty Ave - Apartments FOR SALE


Jersey City, NJ 07306- The Heights
$1,350,000 USD
973-809-7045
235 Liberty Ave, Jersey City, NJ for Sale
$1,350,000 USD
Apartments - FOR SALE
1/59
null | Request Cap Rate

235 Liberty Ave
Jersey City, NJ 07306
The Heights


HIGHLIGHTS

  • 4 Vacant Units Allow Immediate Renovation Strategy
  • Strong Jersey City Heights Rental Market
  • Significant Income Upside Through Modernization
  • High-Margin Garage Income Stream
  • Major Mechanical Upgrades Completed
  • Flexible Exit Strategies (Hold / Refinance / Conversion Potential)

OVERVIEW

Century21 Preferred Realty has been exclusively retained to sell and market 235 Liberty Avenue. Exceptional Value-Add or Condo Conversion Opportunity- The building features 7 spacious - 2-bedroom, 1-bath units with efficient box-style layouts—perfectly configured for a future condo conversion or upscale rental repositioning. All utilities, including heating, gas, and electric, are completely separate and individually metered, providing long-term flexibility in rental or ownership structure. Additionally, all furnaces were replaced in 2023, ensuring modern and efficient heating systems. Currently, 4 units are vacant, of which 3 require full rehabilitation, 2 are gut out. The remaining 3 units are tenant-occupied and in rentable condition. A washer and dryer room is located in the basement for resident use. There is also garage parking in the rear, a valuable amenity in this market. Building Features • Seven Residential Units • Four Rear Garage Spaces (Income Producing) • All Seven Furnaces Newly Installed 2021 • Solid Building Structure & Layout • Favorable Unit Sizes (Approx. 700–750 Sq Ft Units) All buyers must sign NDA prioor to receiving Offering Memorandum with current rent on the 3 apartments occupied and the 2026 proforma after renovations. Property Being sold strictly as-is

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

7

PRICE/UNIT

$192,857

CAP RATE

Request Cap Rate

% LEASED

57%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RES

APN/PARCEL ID

06-04204-0000-00021

ASK ABOUT THIS PROPERTY

Diane RiveraC21 PreferredMore Info
973-809-7045

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Diane RiveraC21 PreferredMore Info
973-809-7045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.