$2,200,000 USD
201-218-9156
72 Arlington Ave
Jersey City, NJ 07305
Bergen-Lafayette
HIGHLIGHTS
- 7 Oversized 3-Bedroom Units – loft-style layouts with exposed brick and condo-quality finishes.
- Attractive Returns – 7.29% cap rate, 8.93% cash-on-cash, and $222,600 gross income.
- Value-Add Upside – 14% potential rent growth; current average rents at $2,650.
- Modern Systems – split-unit HVAC and on-demand hot water; tenant-paid utilities.
- Amenities – rooftop terrace, basement laundry, and fully gut-renovated interiors.
- Excellent Transit Access – 3-min walk to bus (35 mins to Midtown) and 2.4 miles to Journal Square PATH.
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$321 USD /SF
# OF UNITS
7
PRICE/UNIT
$314,286
CAP RATE
7.29%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
72 Arlington Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2000
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
06-23702-0000-00001
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201-218-9156
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201-218-9156
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