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92-94 & 123-129 Summit Avenue 4 Multifamily Properties in Jersey City, NJ
Investment Highlights
- HUD project-based Section 8 contract renewed for next 5 years starting 9/1/26
- Current ownership has maintained property for over 30 years.
- Located in the Bergen Hill/McGinley Square neighborhood just north of downtown Jersey City
- Annual OCAF and/or mark to market rental increases.
- Always 100% occupied
- Extremely well located in Jersey City and only minutes to New York City by car or train
Executive Summary
The portfolio consists of 60 HUD residential units. The properties are located in Jersey City, NJ.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 46,352 SF |
| Number of Properties | 4 | Total Land Area | 0.50 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 46,352 SF |
| Total Land Area | 0.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
New Hope Baptist II
123-125 Summit Ave, Jersey City, NJ 07304 |
Multifamily | 16,748 SF | 1901 | - |
| 127-129 Summit Ave, Jersey City, NJ 07304 | Multifamily | 15,064 SF | 1901 | - |
|
Hilltop
94 Summit Ave, Jersey City, NJ 07304 |
Multifamily | 7,736 SF | 1917 | - |
|
York View
92 Summit Ave, Jersey City, NJ 07304 |
Multifamily | 6,804 SF | 1901 | - |
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92-94 & 123-129 Summit Avenue
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