Listed by Matthews
$9,064,000
150-154 Belmont Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 34,300
Units 48
Cap Rate 6.06%
NOI $549,180
Tenancy Multi
Price per SqFt $282
Ground Lease No
48-Unit Value-Add Multifamily with 44% Upside in Prime Jersey City
Investment highlights
- 48 Units
- 44% Upside
- 6.06% Cap Rate
- $189K Price Per Unit
- 2 Brick Buildings
- Renovated Units
- Roof Recently Recoated
- Strong unit mix of studios, one-, two-, three-, & four- bedrooms
- New Water Heater & Boiler Replaced in 2026 (154 Belmont)
- Separately metered units
- Tenants pay for cooking gas & electric
- Landlord pays for heat, hot water, water/sewer and common area electric
- Prime Location in McGinley Square
- The building is approximately an 3-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
$549,180.00
$45,765.00/mo
Valuation Metrics
0
DSCR
6.06%
Cap Rate
6.06%
ROI
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