Multifamily
200 Dwight Street
200 Dwight Street, Jersey City, NJ 07305
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 200 Dwight Street, a 12-unit residential building located in the Southside neighborhood of Jersey City, New Jersey. The property consists of four 1-bedroom and eight 2-bedroom units totaling 10,317 square feet and generates approximately $91,209 in current Net Operating Income.
In-place rents are significantly below market, with 1-bedrooms averaging $1,293/month against a $1,800 market rent and 2-bedrooms averaging $1,323/month against a $2,150 market rent — representing approximately 55% in gross rent upside through unit renovations, tenant turnover, and operational improvements. Upon stabilization, the property is projected to generate $132,746 in Net Operating Income.
200 Dwight Street
Investment Highlights
- 12-Unit Brick Walk-Up Apartment Building with a Strong Unit Mix of Predominantly 2-Bedroom Layouts
- 54% Rent Upside Captured Through Capital Improvements and Lease-Up of Below-Market In-Place Rents
- Value-Add Opportunity to Improve Unit Layouts — Reconfigure and Modernize Floor Plans to Maximize Livability and Rent Growth
- Priced Below Comparable Market Pricing
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- 12-Unit Brick Walk-Up Apartment Building with a Strong Unit Mix of Predominantly 2-Bedroom Layouts
- 54% Rent Upside Captured Through Capital Improvements and Lease-Up of Below-Market In-Place Rents
- Value-Add Opportunity to Improve Unit Layouts — Reconfigure and Modernize Floor Plans to Maximize Livability and Rent Growth
- Priced Below Comparable Market Pricing
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 200 Dwight Street, a 12-unit residential building located in the Southside neighborhood of Jersey City, New Jersey. The property consists of four 1-bedroom and eight 2-bedroom units totaling 10,317 square feet and generates approximately $91,209 in current Net Operating Income. In-place rents are significantly below market, with 1-bedrooms averaging $1,293/month against a $1,800 market rent and 2-bedrooms averaging $1,323/month against a $2,150 market rent — representing approximately 55% in gross rent upside through unit renovations, tenant turnover, and operational improvements. Upon stabilization, the property is projected to generate $132,746 in Net Operating Income.
Exclusively Listed By
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