Listed by Matthews
$5,481,000
590 Bergen Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,750
Units 26
Cap Rate 6.55%
NOI $359,161
Tenancy Multi
Price per SqFt $327
Buildings 1
26-Unit Value-Add Multifamily with 28% Upside in Prime Jersey City
Investment highlights
- Value-Add Opportunity
- 26 Units
- 28% Upside
- 6.55% Cap Rate
- Building Highlights
- Brick Building
- 14 Parking Spots
- Renovated Units
- Laundry in Basement
- Separately metered units
- Tenants pay for heat, hot water, cooking gas & electric
- Landlord pay for water/sewer, common area electric.
- Prime Location in McGinley Square
- Convenient Transportation
- The building is approximately a 5-minute walk to the JFK Blvd at Kensington Ave bus stop which provides a 20 minute ride to Manhattan via the PATH train.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$359,161.00
$29,930.08/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
Map
Zoning
R-3 ResidentialMulti FamilyMulti Unit Mid Rise
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View all 28 uses
View all 28 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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