$5,770,000 USD
201-218-9156
35 Kensington Ave
Jersey City, NJ 07304
West Side-Hudson
HIGHLIGHTS
- Value-Add Opportunity: 31 Units, 34% Upside, 6.41% Cap Rate
- Building Highlights: Brick Building, Renovated Units, Laundry in Basement, New Water Heater & Boiler Replaced in 2025, Separately Metered Units
- Tenants pay for cooking gas & electric; Landlord pay for water/sewer, common area electric, heat, & hot water
- Convenient Transportation: The building is approximately a 2-minute walk to the JFK Blvd at Kensington Ave bus stop
FOR SALE DETAILS
PRICE
$5,770,000 USD
PRICE/SF
$186 USD /SF
# OF UNITS
31
PRICE/UNIT
$186,129
CAP RATE
6.41%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
5
YEAR BUILT
1929
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,464 SF
ZONING
R-3
APN/PARCEL ID
06-16603-0000-00013
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201-218-9156
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201-218-9156
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