78Units JC Multi-Family FOR SALE


Jersey City, NJ - Greenville
$12,250,000 USD
862-703-0801
, Jersey City, NJ for Sale
$12,250,000 USD
Multi-Family - FOR SALE
1/8
null | 6% Cap Rate

78Units JC
Jersey City, NJ
Greenville


HIGHLIGHTS

  • Desirable Unit Composition: 50-1BR / 19-2BR /4-3BR / 5-Retail
  • Long Term Commercial Tenants with Staggered Lease Expirations
  • Tremendous Rental Upside

OVERVIEW

Stabilized In-Place Income: With a Year 1 cap rate of 6% and NOI over $735K, this deal offers solid immediate cash flow in a core Hudson County submarket. • Below Replacement Cost Pricing: At ~$157K per unit, this portfolio is priced well below new construction or replacement cost in Jersey City, leaving room for both rental and appreciation upside. • Diversified Tenant Mix & Rent Roll Stability: A healthy mix of 1BR and 2BR units plus five commercial tenants spread across four locations supports consistent income and reduces risk. • Under-Market Rents: Average rent $1,178 leaving room for mark-to-market increases. • Geographic Concentration with Scale: Offers operational efficiencies and future exit flexibility • Emerging Submarket with Momentum: Greenville continues to benefit from spillover demand from Journal Square, Bergen-Lafayette, and Bayonne, driven by renters seeking affordability and proximity to NYC transit.

ASK ABOUT THIS PROPERTY

Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

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Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

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