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Off Market
1/3

122 Stevens Ave
Jersey City, NJ 07305


HIGHLIGHTS

  • The property consists of 8 apartments and 1 retail unit.
  • The property has a 6.78% cap rate at asking price
  • Located on the corner of Stevens Avenue and Martin Luther King Dr.
  • 15 minutes to NYC and minutes from Historic Downtown Jersey City

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale the 122 Stevens Ave, a three-story, brick, mixed-use building in Jersey City, New Jersey. The building consists of 8 apartments and one retail tenant. The retail tenant has a 17-year lease that expires in 2030. The property is located approximately 2 miles from the Journal Square Transportation Center which offers a 15-minute ride to the World Trade Center and a 22-minute ride to Midtown Manhattan via Path. 122 Stevens Ave is also Two-minute walk from JFK Blvd bus stop which offers a direct ride into the Manhattan. Jersey City has earned a reputation as a city with ideal regional connectivity due to accessible public transportation. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes have been completed and are under construction. The new supply speaks to the value of the location and should continue to drive the local economy which will ultimately push rents.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

122 Stevens Avenue, Jersey City

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

7500

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

06-26401-0000-00021