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186 -188 Kensington AveJersey City, NJ 07306
Kensington Edge
Asset ClassMultifamily
# Units12
# Units: 12# Buildings: 1Land: 0.11 AcresAccess Data Room
12 Units | Jersey City, NJ | 2022 Built | $300+/mo Rent Upside
overview of deal

Overview

186-188 Kensington Ave is a newly constructed, five-story mid-rise residential building in Jersey City’s Journal Square neighborhood. Completed in 2022, the property features 12 contemporary units, including 4 one-bedroom and 8 two-bedroom apartments, with modern finishes such as Samsung appliances, quartz countertops, hardwood flooring, and European-style cabinetry, and in-unit laundry in select units. The building also offers garage parking, central air conditioning, tankless hot water systems, and secured key fob access, providing a comfortable and convenient living experience.

 

Conveniently located, the property is just a 2-minute walk to a nearby bus stop and offers an approximately 35-minute commute to New York City via train. Residents enjoy proximity to Lincoln Park, neighborhood cafés and restaurants, and popular shopping destinations including Hudson Mall and Hudson Commons. Major employers nearby include Saint Peter’s University, Jersey City Medical Center, Christ Hospital, and Kuehne + Nagel. With strong connectivity, access to retail and amenities, and $300+ per month in rent upside, this property presents a compelling investment opportunity in a thriving urban market.

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Investment Highlights

  • $300+/month Rent Upside
  • 2022 Year Built
  • Exceptional Unit Mix 4 One-Bed / 8 Two-Bed
  • 2 Min Walk to Nearby Bus Stop to NYC
  • ~35 Min to NYC via Bus/Train (One World Trade)

 

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186 -188 Kensington AveJersey City, NJ 07306

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