Investment 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.