Matthews™ is pleased to exclusively present for sale 35 Kensington Ave, Jersey City, NJ, a 31-unit multifamily investment opportunity located in the prime McGinley Square neighborhood. The offering presents a compelling value-add opportunity with approximately 34% upside and a 6.41% cap rate. The asset features renovated units, separately metered apartments, and on-site laundry. Recent capital improvements include a new water heater and boiler replaced in 2025, tenants are responsible for cooking gas and electric; the landlord covers water/sewer, common area electric, heat, and hot water.
Value-Add Opportunity
Building Highlights
Convenient Transportation
License #: 01469842 (NJ)
(201) 218-9156david.ferber@matthews.com