95 Terhune Ave - Apartments FOR SALE


Jersey City, NJ 07305- Greenville
$1,295,000 USD
201-742-6121
95 Terhune Ave, Jersey City, NJ for Sale
$1,295,000 USD
Apartments - FOR SALE
1/1
null | 5% Cap Rate

95 Terhune Ave
Jersey City, NJ 07305
Greenville


HIGHLIGHTS

  • Value Add - Update Finishes and Capture 37 Percent Upside in Rents
  • Mostly Two-Bedroom Box-Style Apartments with Separate Garages in the Back of the Property
  • All Separate Utilities

OVERVIEW

Marcus & Millichap is pleased to offer for sale the multi-family property located at 95 Terhune Avenue in Jersey City, New Jersey. The property is situated in Greenville, one of the most promising and rapidly developing areas in Jersey City. This offers investors the opportunity to acquire a stabilized multifamily asset in a high-demand rental corridor close to mass transit, employment centers, and major redevelopment projects. Jersey City is witnessing population growth, which is driving up rental demand and property values, as young professionals and commuters seek more affordable options compared to the higher-priced neighborhoods near Manhattan. Located in southern Jersey City, just minutes from New Jersey City University and the Richard Street Light Rail Station, this property offers residents convenient access to local amenities, public schools, retail corridors, and direct commuter routes into Manhattan. It is also a short drive from Route 440, which enhances connectivity to the Bayonne Bridge, I-78, and the Holland Tunnel, facilitating easy access to northern New Jersey and downtown New York City. With multiple light rail stops nearby, tenants enjoy seamless connections to PATH trains as well as Jersey City’s commercial and waterfront districts. The Greenville section of Jersey City has garnered renewed interest from investors and developers in recent years, primarily due to rising prices in Journal Square and Downtown, which have shifted demand further south. This submarket provides a favorable combination of affordability, transit access, and residential density. Overall, Jersey City’s multifamily market remains strong, characterized by low vacancy rates, rising rents, and growing interest from regional and institutional investors seeking yield in high-demand urban areas.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,257 SF

ZONING

R

APN/PARCEL ID

06-26202-0000-00036

ASK ABOUT THIS PROPERTY

Jonathan ZamoraMarcus & MillichapMore Info
201-742-6121

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Jonathan ZamoraMarcus & MillichapMore Info
201-742-6121

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