127 Ogden Ave 8 Unit Apartment Building $2,041,962 CAD ($255,245 CAD/Unit) 5.40% Cap Rate Jersey City, NJ 07307

Grid Real Estate, LLC has been exclusively retained to manage the sale of 127 Ogden Ave, Jersey City NJ 07307 — a rare opportunity to acquire a premier multifamily asset that has not traded in over 25 years. The property offers 6,800 gross square feet across a four-story brick walk-up on a 25 x 100 lot, perched atop the Palisades with unobstructed NYC skyline views and directly adjacent to Riverview Fisk Park, with immediate access to the 9th Street elevator providing direct transit to Hoboken and the Hudson-Bergen Light Rail. The building has undergone meaningful capital investment, boasting a new roof (replaced four
years ago), and a new chimney liner — while 24-hour camera surveillance adds an additional layer of security and oversight. Together, these improvements significantly reduce deferred maintenance risk for an incoming owner. The current mix of (6) 1.5-bedroom and (1) 2-bedroom units are operating at legacy rents ranging from $1,445 to $1,728 per month — well below the $2,600–$2,800 market. By relocating kitchens to the center of each unit, buyers can create true 2BR/1BA layouts with better flow and natural light, unlocking a 35–37% boost in rents following strategic reconfiguration. For investors with a longer horizon, the brick construction quality and Ogden Avenue address create a compelling condo conversion optionality unavailable at this price point elsewhere in Jersey City — surrounded by destination dining, independent retail, and some of the most sought-after green space in Hudson County.