175 Clendenny Ave 3 Unit Apartment Building $2,998,870 CAD ($999,623 CAD/Unit) 6.47% Cap Rate Jersey City, NJ 07304

175 Clendenny Ave, Jersey City is a newly redeveloped mixed-use investment opportunity in Jersey City’s West Side corridor, scheduled for completion around June 2026. The property will deliver two oversized 4-bedroom / 3-bath residential units projected at approximately $4,500 per month each, along with one 3,000± SF ground-level commercial space projected at approximately $6,000 per month. Upon stabilization, the property is projected to generate approximately $140,000 in annual NOI, providing strong income and long-term value in a supply-constrained urban submarket.
The ground-floor commercial unit offers high flexibility, with existing vehicle garage rights and prior bakery and garage use, allowing for retail, service, office, or commercial vehicle operations (excluding drug rehabilitation or gas station use). This flexibility supports a wide range of tenant or owner-user scenarios. The property benefits from new construction, modern layouts, and strong market demand, making it a compelling opportunity for investors seeking durable cash flow and long-term appreciation in Jersey City.
**Additional photos coming soon
• New Construction Mixed-Use Asset – Redevelopment is scheduled for completion around June 2026, with the property to be delivered substantially complete, while closing may occur prior to final completion.
• Strong Stabilized Income Profile – Two 4BR / 3BA residential units projected at ~$4,500/month each and one 3,000± SF ground-level commercial space projected at ~$6,000/month, supporting ~$140,000 in projected NOI at stabilization.
• Highly Flexible Commercial Zoning (1S-B-G) – Permits garage, retail, service, office, and commercial vehicle uses, supporting broad tenant demand.
• Scarce Product Type – New construction mixed-use assets with garage-compatible commercial space are limited in Jersey City.
• Supply-Constrained Urban Market – Limited new mixed-use inventory supports rent stability and long-term value.
• Income Diversification – Residential and commercial income streams provide durability across market cycles.
• Modern Construction – New building systems, layouts, and code-compliant design support lower long-term operating risk.