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132 Mallory AveJersey City, NJ 07304
132 Mallory Ave
Asset ClassMultifamily, Mixed Use
# Units41
Parking Spaces: 22 SpacesCap Rate: 6.17%Year Built: 2025Access Data Room
overview of deal

Overview

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.

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Investment Highlights

  • New Construction - 2025
  • 22 Parking Spaces
  • High-End Finishes - high end vinyl floors, modern kitchen & bathrooms
  • Washer/dryer in unit
  • Elevator building
  • Oversized studio, one and two-bedrooms
  • Central AC & Heating with separate gas/elec. meters, and water meters
  • Tenants pay for water/sewer, heat, hot water, cooking gas and electric
  • Landlord pays for common area electric
  • Prime Location in McGinley Square
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132 Mallory AveJersey City, NJ 07304

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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