80 Paterson StJersey City, NJ 07307

For Sale
$1,500,000

Six-unit building, 6% cap rate, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a six-unit apartment building located at 80 Paterson Street, Jersey City, NJ 07307, in the desirable Heights neighborhood. This multifamily property is offered at an asking price of $1,500,000, representing a compelling price per unit of $250,000. The building boasts a strong 6% capitalization rate, indicating significant potential for return on investment. Currently, the property features below-market rents, presenting a clear opportunity for increased profitability through rental adjustments. The property's prime location within the Heights offers convenient access to local amenities and transportation. This is an ideal acquisition for investors seeking a stable, high-yield property with substantial upside potential in a thriving Jersey City neighborhood. The property consists of six individual apartment units. Further details are available upon request.

Highlights

  • Six-unit apartment building in Jersey City Heights, NJ.
  • Asking price: $1,500,000 ($250,000 per unit).
  • 6% capitalization rate.
  • Below-market rents offer significant upside potential.
  • Prime location with convenient access to amenities and transportation.

Property Details for 80 Paterson St

Property type
Multifamily properties, Apartment buildings
Units
6

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.751880236348
Longitude
-74.050193082047
80 Paterson St, Jersey City, New Jersey

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80 Paterson St
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