9 Sanford Place
Multifamily | 5.82% CAP
Marketing description
9 Sanford Place presents a rare opportunity to acquire a six-unit multifamily asset in the heart of Jersey City, one of the most dynamic and sought-after rental markets in the New York Metropolitan Area.
The property consists of six spacious two-bedroom apartments, with four units currently occupied at approximately $2,500 per month and two units vacant, providing immediate lease-up potential and a clear path to increased cash flow. The existing rents offer investors an attractive value-add opportunity through future rental growth and operational optimization.
Strategically located near major transportation corridors, employment centers, shopping, dining, and public transit options, the property benefits from Jersey City's strong rental demand and continued population growth. Its proximity to New York City makes it particularly appealing to commuters seeking quality housing with convenient access to Manhattan.
This offering combines stable in-place income with significant upside potential, making it an attractive opportunity for investors seeking cash flow, appreciation, and long-term value creation in a high-barrier-to-entry market.
Whether acquired as a long-term hold, value-add investment, or 1031 exchange replacement property, 9 Sanford Place offers the fundamentals investors seek: location, income, and growth potential.
Investment highlights
Prime Jersey City Location
Located in one of Northern New Jersey's strongest rental markets, with convenient access to New York City, major employment centers, public transportation, dining, and retail amenities.
Six Spacious Two-Bedroom Units
The property consists of six well-sized 2-bedroom apartments, a highly desirable unit mix that appeals to a broad tenant base.
Immediate Value-Add Opportunity
Two vacant units provide the opportunity for immediate lease-up, allowing a new owner to increase income shortly after acquisition.
Below-Market In-Place Rents
Four occupied units are currently rented at approximately $2,500 per month, creating potential for future rental growth as leases turn over.
Strong Rental Demand
Jersey City continues to experience strong demand for rental housing due to its proximity to Manhattan and limited multifamily inventory.
Stable Existing Cash Flow
Four occupied units provide immediate income while offering additional upside through lease-up and rent optimization.
Attractive Investment Fundamentals
Opportunity to acquire a multifamily asset in a high-demand market with long-term appreciation potential.
Transit-Oriented Location
Convenient access to major highways, PATH stations, NJ Transit, and regional transportation networks.
High Barrier-to-Entry Market
Limited land availability and continued residential demand support long-term multifamily investment performance in Jersey City.
Multiple Exit Strategies
Suitable for long-term hold investors, value-add operators, and 1031 exchange buyers seeking stable income and future appreciation.
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