Listed by The Kislak Company Inc Woodbridge
Unpriced
92-94 & 123-129 Summit Avenue, Jersey City, NJ
Details
Property Type Multifamily
Sub Type Portfolio
Square Footage 24,484
Buildings 2
Portfolio of 2 For Sale | 92-94 & 123-129 Summit Avenue
Marketing description
The portfolio consists of 60 HUD residential units.
Investment highlights
- HUD project-based Section 8 contract renewed for next 5 years starting 9/1/26
- Annual OCAF and/or mark to market rental increases.
- Current ownership has maintained property for over 30 years.
- Always 100% occupied
- Located in the Bergen Hill/McGinley Square neighborhood just north of downtown Jersey City
- Extremely well located in Jersey City and only minutes to New York City by car or train
- Approximately 1 mile from Journal Square PATH with direct service to New York City
- Convenient access to NJ Transit bus lines along Summit Ave with access to New York City and New Jersey
Listing Contacts
Listed by The Kislak Company Inc Woodbridge
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