Multifamily
Southside Jersey City Portfolio
150 Stegman St, Jersey City, NJ 07305
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a four-building multifamily and mixed-use portfolio consisting of 73 apartment units and 5 retail suites located in Jersey City, New Jersey.
The portfolio generates approximately $662,492 in Net Operating Income and is offered at a basis of $141,564 per unit, providing an attractive entry point relative to replacement cost.
In-place rents are below market, with an estimated 34% rent upside through unit renovations, tenant turnover, and operational improvements. Select units also offer the ability to reconfigure layouts and increase bedroom count, creating an additional income lever.
The portfolio is located within a rapidly evolving corridor supported by major developments including Bayfront, Canal Crossing, and Caven Point Studios, driving long-term demand and investment.
The properties benefit from strong connectivity via the Hudson-Bergen Light Rail, Interstate 78, and the New Jersey Turnpike, providing access to Downtown Jersey City and Manhattan.
Southside Jersey City Portfolio
Investment Highlights
- Rare Opportunity to Acquire a 73-Unit Multifamily Portfolio with 5 Retail Suites in Jersey City
- Attractive Basis at $141,564 Per Unit Below Replacement Cost in a Supply-Constrained Market
- Estimated Rent Upside of 34% Through Renovation, Turnover, and Operational Improvements
- In-Place Rents Below Market Providing Immediate Mark-to-Market Opportunity
- Additional Income Potential Through Reconfiguration of Select Unit Layouts
- Clustered Buildings Enabling Operational Efficiency and Scaled Management
- Located in a Transforming Corridor Supported by Bayfront, Canal Crossing, and Caven Point Studios
- Flexible Exit with Ability to Operate as a Portfolio or Sell Individually
Exclusively Listed By
Financing By
Investment Highlights
- Rare Opportunity to Acquire a 73-Unit Multifamily Portfolio with 5 Retail Suites in Jersey City
- Attractive Basis at $141,564 Per Unit Below Replacement Cost in a Supply-Constrained Market
- Estimated Rent Upside of 34% Through Renovation, Turnover, and Operational Improvements
- In-Place Rents Below Market Providing Immediate Mark-to-Market Opportunity
- Additional Income Potential Through Reconfiguration of Select Unit Layouts
- Clustered Buildings Enabling Operational Efficiency and Scaled Management
- Located in a Transforming Corridor Supported by Bayfront, Canal Crossing, and Caven Point Studios
- Flexible Exit with Ability to Operate as a Portfolio or Sell Individually
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a four-building multifamily and mixed-use portfolio consisting of 73 apartment units and 5 retail suites located in Jersey City, New Jersey. The portfolio generates approximately $662,492 in Net Operating Income and is offered at a basis of $141,564 per unit, providing an attractive entry point relative to replacement cost. In-place rents are below market, with an estimated 34% rent upside through unit renovations, tenant turnover, and operational improvements. Select units also offer the ability to reconfigure layouts and increase bedroom count, creating an additional income lever. The portfolio is located within a rapidly evolving corridor supported by major developments including Bayfront, Canal Crossing, and Caven Point Studios, driving long-term demand and investment. The properties benefit from strong connectivity via the Hudson-Bergen Light Rail, Interstate 78, and the New Jersey Turnpike, providing access to Downtown Jersey City and Manhattan.
Exclusively Listed By
Financing By
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