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113 Wales AveJersey City, NJ 07306
113-115 Wales Ave
Asset ClassMultifamily
# Units6
6 Units + Parking | 6.27% Cap Rate | Free Market | New Construction
overview of deal

Overview

Matthews™ is pleased to exclusively present for sale 113–115 Wales Ave, Jersey City, NJ, a newly constructed six-unit multifamily investment opportunity located in the highly desirable Journal Square neighborhood. Built in 2015, the asset is 100% free market and currently operating at a 6.27% cap rate. The property features a strong unit mix of two- and three-bedroom apartments, each offering large layouts averaging ±1,333 square feet. Units include in-unit washer/dryers, stainless steel appliances, granite countertops, oversized closets, and central HVAC, along with private outdoor space for each unit. The property also offers four garage parking spaces in addition to two dedicated parking spaces per unit. Tenants are responsible for heat, hot water, cooking gas, and electric, while ownership covers water and sewer.

Investment Highlights

New Construction Opportunity

  • 6 Units
  • 2 Buildings
  • 100% Free Market
  • 6.27% Cap Rate
  • New Construction (2015)

Building Highlights

  • 4 Garage Parking Spaces + 2 Dedicated Parking Spaces
  • Large apartments averaging ±1,333 SF
  • Strong unit mix of 2- and 3-bedroom apartments
  • In-Unit Washer/Dryer, Stainless Steel Appliances, Granite Countertops, & Oversized Closets
  • Central HVAC
  • Tenant pays for heat, hot water, cooking gas, & electric
  • Landlord is responsible for water & sewer
  • Prime Location in Journal Square, Jersey City

Convenient Transportation

  • The building is approximately a 17-minute walk to the Journal Square Station which provides a 12-minute ride directly to Midtown Manhattan via the PATH.
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113 Wales AveJersey City, NJ 07306

Listing 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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