127 Ogden Ave 8 Unit Apartment Building $2,202,448 CAD ($275,306 CAD/Unit) 4.85% Cap Rate Jersey City, NJ 07307

1. Brick Construction - Rare brick construction in The Heights commands meaningful premiums for lower ongoing maintenance, superior sound insulation, and better financing terms from lenders.
2. Value-Add Property - Asset features railroad 1.5BR layouts at legacy rents with functional but dated finishes, leaving significant opportunity to unlock a 37% boost in rents following a strategic reconfiguration to provide 2BR layouts. 
3. Condo Conversion Optionality - Economically feasible condo conversion creates a compelling exit strategy unavailable at this price point downtown. The Ogden Avenue Premium combined with brick construction quality positions this asset perfectly for condo conversion.
4.Capital Improvements - Brand new Chimney liner and roof (4 years) ago .Building has been maintained throughout 25 years of professional management and upkeep. No deferred maintenance for common elements and structure.
5.Ogden Avenue Premium - This premier residential address in The Heights sits atop the Palisades with unobstructed NYC skyline views, Riverview Fisk Park as your backyard, and steps from the 9th Street elevator providing direct access to Hoboken and Light Rail. Residents enjoy walking distance to Supremo Supermarket, destination bakery Choc-O-Pain, Fox & Crow, Lo-Fidelity, The Franklin, Modcup Coffee, Bread and Salt, and dozens more. Buyers consistently pay premiums for Ogden addresses compared to properties just blocks away.