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201 Claremont AveJersey City, NJ 07305
201 Claremont Ave
Asset ClassMultifamily
# Units17
17 Units | 33% Upside | 7.04% Cap Rate | $194K Price Per Unit
overview of deal

Overview

Matthews™ is pleased to exclusively present for sale 201 Claremont Ave, a 17-unit multifamily investment opportunity located in the Bergen-Lafayette neighborhood of Jersey City. The property represents a compelling value-add opportunity with a 7.04% cap rate and approximately 33% upside through continued rent growth. The brick building features a strong mix of two- and three-bedroom apartments, with renovated units offering immediate cash flow and long-term appreciation potential. The tenants are responsible for cooking gas and electricity, while the landlord covers heat, hot water, common area electric, water, and sewer.

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Investment Highlights

Value-Add Opportunity

  • 17 Units
  • 33% Upside
  • 7.04% Cap Rate
  • $194K Price Per Unit
  • Less than 25 minutes to Manhattan

Building Highlights

  • Brick Building
  • Renovated Units
  • Strong unit mix of two- & three-bedroom units
  • Separately metered units
  • Tenants pay for cooking gas & electric
  • Landlord pay for heat, hot water, common area electric & water/sewer
  • Prime Location in Bergen Lafayette

Convenient Transportation

  • The building is approximately an 7-minute walk to the MLK Drive light rail stop which provides a 17 minute ride to Manhattan via the PATH train.
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201 Claremont AveJersey City, NJ 07305

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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