Matthews™ is pleased to exclusively present for sale 150–154 Belmont Ave, Jersey City, NJ, a two building, 48-unit multifamily investment opportunity located in the prime McGinley Square neighborhood. The property offers a compelling value-add opportunity with approximately 44% upside and a 6.06% cap rate. The asset consists of two attached brick buildings featuring a strong unit mix of studios, one-, two-, three-, and fourbedroom apartments, with several renovated units in place. Recent capital improvements include a newly replaced water heater and boiler (2026 at 154 Belmont) and a recently recoated roof. Tenants are responsible for cooking gas and electricity, while the landlord covers heat, hot water, water/sewer, and common area electric.
Value-Add Opportunity
Building Highlights
Convenient Transportation
License #: 01469842 (NJ)
(201) 218-9156david.ferber@matthews.com