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747 Grand StJersey City, NJ 07304
Arlington Place - 36 Luxury Units
Asset ClassMultifamily
# Units36
Year Built: 2017# Stories: 5# Units: 36Access Data Room
36 Luxury Apartment Units | Jersey City, NJ
overview of deal

Overview

Arlington Place is a mid-rise residential building located in Jersey City. It offers 36 luxury units, including 1-bedroom and 2-bedroom options, with 29 covered parking spaces. Residents enjoy modern features such as hardwood floors, in-unit washers and dryers, and kitchens equipped with stainless steel appliances. Additional amenities include a stylish entrance foyer, covered parking, and elevator access.

 

Situated in the historic Bergen Lafayette neighborhood, the property is directly across from Arlington Park and just a 7-minute walk from the Garfield Light Rail Station, providing easy access to PATH stations and Liberty State Park. Additional nearby attractions include Berry Lane Park, which features tennis courts, a skate park, playgrounds, and electric vehicle charging stations. The property is also in proximity to major employers in Jersey City, including Imperial Dade, Jersey City Medical Center, Lowe’s Home Center Inc., and The Home Depot.

 

Property Video:

 

 

 

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Investment Highlights

  • 23 Mins to NYC by train
  • Prime Location in front of Arlington Park
  • 2017 Year Built
  • 7 min Walk to Garfield Light Rail Station
  • Exceptional Unit Mix 78% 2 Bedroom

Unit Mix

# of Units
Avg SF
Current Rent
Current PSF
ProForma Rent
ProForma PSF
1 Bedroom
8
830
$2,080
$2.51
$2,400
$2.89
2 Bedroom
28
969
$2,347`
$2.50
$2,711
$2.89
Total/Wtd Avg
36
938
$2,347
$2.50
$2,711
$2.89
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747 Grand StJersey City, NJ 07304
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Listing provided by Revere CRE