Investment Highlights – 98 Wayne Street, Jersey City (Van Vorst Park) • Asking Price: $3,500,000 • Unit Mix: (2) Studios, (8) One-Bedrooms, (5) Two-Bedrooms • CAP Rate (Yr 1): 6.3% • Price/Unit: $233,333 Unbeatable Downtown Location & Transit Access • 2 blocks to Grove Street PATH Station — 10 min to World Trade Center, ~20 min to Midtown Manhattan • Minutes to Exchange Place & Newport PATH, light rail, and ferry terminals • Steps to Van Vorst Park, local cafes, dining, retail, and waterfront Strong In-Place Cash Flow with Upside • Current rents are 30%+ below market • Opportunity to bring rents to $2,300–$2,600+ per unit with minor upgrades and turnovers • High-income demographic: $200K+ avg household income within 0.5 miles Condo Exit Strategy Potential • Ideal layout, location, and unit mix for a condo conversion in one of Jersey City’s highest-demand neighborhoods • Comparable condo sales in the area are averaging $900–$1,100 per SF, pointing to a significant potential premium on a sellout