Commercial space For Sale in Jersey City, NJ
MLS# : 260010580
PROPERTY DETAILS
PROPERTY DESCRIPTION
Exceptional 8-unit multifamily investment opportunity in the highly sought-after Jersey City Heights section. This income-producing asset features eight residential units with strong in-place cash flow and significant upside potential. Several units are currently rented below market, creating a compelling value-add opportunity for investors seeking to increase revenue through strategic renovations and rent optimization. Current annual gross income is approximately $169,700 with a current NOI of approximately $129,272. Pro forma projections indicate the potential to increase annual gross income to approximately $225,900 and NOI to approximately $185,471 upon renovation and stabilization. Projected cap rate of approximately 6.18%. Ideally located near public transportation, shopping, restaurants, parks, and major commuter routes, providing strong tenant demand and long-term appreciation potential. Whether you're looking to expand your portfolio or acquire a value-add multifamily asset in one of Hudson County’s most desirable rental markets, this property offers an outstanding opportunity. Financial information is deemed reliable but not guaranteed. Buyers are encouraged to perform their own due diligence.
Amenities
This listing is a courtesy of XENTRY PROPERTY GROUP LLC
201-790-0000 office, listing agent LUIZ BENTO
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 289,691 |
| Total Housing Units: | 132,636 |
| Single Family Homes: | 9,795 |
| Apartments: | 122,774 |
| General Tax Rate (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $739,081 |
| Homes Sold* (12mo): | 177 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $681,468 |
| Apatments Sold* (12mo): | 1,096 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $399,000 - 2,395,000 | 55 |
| Condos : | $165,000 - 6,499,000 | 570 |
| Co-ops : | $345,000 - 679,000 | 10 |
| Twnhs : | $339,900 - 2,300,000 | 14 |
| 2-4 Fam : | $415,000 - 1,999,999 | 130 |
| 5+ Fam : | $1,550,000 - 1,550,000 | 1 |
| Land : | $399,000 - 4,800,000 | 25 |
| Rentals : | $1,600 - 5,300 | 36 |
| Mixd Use : | $1,550,000 - 1,550,000 | 1 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $30,000 - 1,295,000 | 10 |
