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208 15th St 10 Unit Apartment Building $5,395,221 CAD ($539,522 CAD/Unit) 5.54% Cap Rate Jersey City, NJ 07310
EXECUTIVE SUMMARY
This is a rare and exceptional opportunity to acquire a fully gut-renovated, 10-unit multifamily building at 208 15th St, located in the dynamic and rapidly appreciating Downtown Jersey City market. This turnkey asset offers a perfect blend of luxury, location, and stability, making it an ideal investment for both seasoned investors and those looking to enter the high-growth Jersey City real estate market. The building has undergone a complete transformation, with every unit meticulously renovated to the highest standards. Each of the ten residences features modern, high-end amenities that are highly sought after by today's renters. Unit highlights include gourmet kitchens with brand new stainless steel appliances, premium countertops, and custom cabinetry. The bathrooms feature stylish fixtures and sleek finishes, and every unit has an in-unit washer and dryer. You will also find beautiful hardwood floors and thoughtful design details throughout each residence. A significant draw for tenants are the first-floor units that offer highly desirable private backyard access, providing a serene urban oasis. With a mix of unit layouts, the building is poised to attract a diverse and stable tenant base. The prime location provides exceptional tenant demand, as it's just steps from the vibrant Hamilton Park and Newport neighborhoods. The building offers unparalleled access to public transportation, including the PATH train to Manhattan, the Holland Tunnel, and a wealth of dining, shopping, and entertainment options. This property represents a secure, high-yield investment with the potential for long-term appreciation in one of the most sought-after submarkets in the Tri-State area. Don't miss this opportunity to own a professionally managed, fully modernized building in a premier location.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,395,221 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $539,522 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.54% | Building Size | 10,248 SF |
| No. Units | 10 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built/Renovated | 1880/2024 |
| Zoning | N/Av | ||
| Price | $5,395,221 CAD |
| Price Per Unit | $539,522 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,248 SF |
| Average Occupancy | 0% |
| No. Stories | 6 |
| Year Built/Renovated | 1880/2024 |
| Zoning | N/Av |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Number | 06-07102-0000-00008 | Total Assessment | $1,706,972 CAD (2025) |
| Land Assessment | $912,444 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $794,528 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06-07102-0000-00008
Land Assessment
$912,444 CAD (2025)
Improvements Assessment
$794,528 CAD (2025)
Total Assessment
$1,706,972 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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208 15th St
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