Listed by Newmark - Rutherford, Newmark - Stamford
$52,000,000
829 Garfield
Details
Property Type Multifamily
Sub Type Apartment Building
Cap Rate 5.71%
NOI $2,967,167
Multifamily | 5.71% CAP
Marketing description
Newmark has been engaged as exclusive advisor in the sale of 829 Garfield, a newly constructed, boutique 110 apartment mixed use multifamily and retail asset located one block from Hudson Bergen Light Rail in Jersey City, NJ. The Property offers larger apartments averaging 978 square feet, fitness center, secure garage parking, outdoor terrace with firepit and grills. The commercial space is fully leased through 2036. Apartments have designer finishes with open floorplans, oversized windows and 9’ ceilings. The location is one block from Hudson Bergen Light Rail with access to PATH, New York City and Hoboken while I-78 is ¼ mile way providing regional vehicular access.
email [email protected] for information
Investment highlights
- Premier Class A Community
- Designer Finishes
- Oversized 2 & 3 Bedroom Apartments
- 1 Block to Light Rail
- Secure Enclosed Garage
- On-site Fitness Center, Firepit, Grills, Dog Run
Listing Contacts
Listed by Newmark - Rutherford, Newmark - Stamford
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$2,967,167.00
$247,263.92/mo
Valuation Metrics
0
DSCR
5.71%
Cap Rate
5.71%
ROI
Map
Zoning
RDP-79-MU SpecialRedevelopment Plan Area Canal Crossing Mixed Use District
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View all 39 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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