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150 Belmont AveJersey City, NJ 07304
150-154 Belmont Ave, Jersey City, NJ
Asset ClassMultifamily
# Units48
48 Units | 2 Buildings | 44% Upside | $189K Price Per Unit
overview of deal

Overview

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.

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Investment Highlights

Value-Add Opportunity

  • 48 Units
  • 44% Upside
  • 6.06% Cap Rate
  • $189K Price Per Unit

Building Highlights

  • 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

Convenient Transportation

  • 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.
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150 Belmont AveJersey City, NJ 07304

Sales Team

David FerberVice President & Director, Multifamily

License #: 01469842 (NJ)

(201) 218-9156david.ferber@matthews.com
Kendra AntoineSales Analyst

License #: 2440903 (NJ)

(845) 642-3370kendra.antoine@matthews.com
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