Matthews™ is pleased to exclusively present a newly constructed mixed-use multifamily opportunity in Jersey City. Completed in 2025, the property consists of 40 free-market residential units and one commercial unit, offering investors a rare opportunity to acquire a mid-size, new construction asset in a supply-constrained submarket. The property offers mix of oversized studio-, one-, and two-bedroom units with high end vinyl floors, modern kitchens and bathrooms, and in-unit washer/dryers. This elevator-served building features central AC and heating with separately metered utilities, allowing twith tenants covering heat, hot water, water, cooking gas & electric while ownership is responsible only for common area electric. The investment is priced at $365K per unit with average monthly rents of $2,613, offering a strong 6.17% going-in cap rate.
License #: 01469842 (NJ)
(201) 218-9156david.ferber@matthews.com