Rare opportunity to acquire a 17-unit, two-building multifamily portfolio located in the heart of Historic Downtown Jersey City. 38 and 92 Wayne Street are historic masonry buildings offered as a single portfolio in one of the city’s most supply-constrained and high-demand rental submarkets.
The asset provides immediate in-place cash flow with clear upside through targeted unit renovations and optimization of underutilized space. Opportunities of this scale and location trade infrequently and appeal to both long-term holders and value-add investors.
The portfolio is currently stabilized with meaningful upside potential through a defined capital improvement program. Pro forma rents reflect strong market demand for renovated units in Historic Downtown Jersey City, supported by proximity to Manhattan and limited new supply.