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235 Liberty Ave 7 Unit Apartment Building $1,845,369 CAD ($263,624 CAD/Unit) Jersey City, NJ 07306
Investment Highlights
- 4 Vacant Units Allow Immediate Renovation Strategy
- Significant Income Upside Through Modernization
- Major Mechanical Upgrades Completed
- Strong Jersey City Heights Rental Market
- High-Margin Garage Income Stream
- Flexible Exit Strategies (Hold / Refinance / Conversion Potential)
Executive Summary
Century21 Preferred Realty has been exclusively retained to sell and market 235 Liberty Avenue.
Exceptional Value-Add or Condo Conversion Opportunity-
The building features 7 spacious - 2-bedroom, 1-bath units with efficient box-style layouts—perfectly configured for a future condo conversion or upscale rental repositioning. All utilities, including heating, gas, and electric, are completely separate and individually metered, providing long-term flexibility in rental or ownership structure. Additionally, all furnaces were replaced in 2023, ensuring modern and efficient heating systems. Currently, 4 units are vacant, of which 3 require full rehabilitation, 2 are gut out. The remaining 3 units are tenant-occupied and in rentable condition. A washer and dryer room is located in the basement for resident use. There is also garage parking in the rear, a valuable amenity in this market.
Building Features
• Seven Residential Units
• Four Rear Garage Spaces (Income Producing)
• All Seven Furnaces Newly Installed 2021
• Solid Building Structure & Layout
• Favorable Unit Sizes (Approx. 700–750 Sq Ft Units)
All buyers must sign NDA prior to receiving Offering Memorandum with current rent on the 3 apartments occupied and the 2026 proforma after renovations.
Property Being sold strictly as-is
Exceptional Value-Add or Condo Conversion Opportunity-
The building features 7 spacious - 2-bedroom, 1-bath units with efficient box-style layouts—perfectly configured for a future condo conversion or upscale rental repositioning. All utilities, including heating, gas, and electric, are completely separate and individually metered, providing long-term flexibility in rental or ownership structure. Additionally, all furnaces were replaced in 2023, ensuring modern and efficient heating systems. Currently, 4 units are vacant, of which 3 require full rehabilitation, 2 are gut out. The remaining 3 units are tenant-occupied and in rentable condition. A washer and dryer room is located in the basement for resident use. There is also garage parking in the rear, a valuable amenity in this market.
Building Features
• Seven Residential Units
• Four Rear Garage Spaces (Income Producing)
• All Seven Furnaces Newly Installed 2021
• Solid Building Structure & Layout
• Favorable Unit Sizes (Approx. 700–750 Sq Ft Units)
All buyers must sign NDA prior to receiving Offering Memorandum with current rent on the 3 apartments occupied and the 2026 proforma after renovations.
Property Being sold strictly as-is
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| 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 (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Eat-in Kitchen
- Hardwood Floors
- Den
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 |
| 2+1 | 5 | - | 750 - 1,000 |
| 3+1 | 1 | - | 900 |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-04204-0000-00021 | Total Assessment | $1,713,733 CAD (2025) |
| Land Assessment | $430,586 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,283,147 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
06-04204-0000-00021
Land Assessment
$430,586 CAD (2025)
Improvements Assessment
$1,283,147 CAD (2025)
Total Assessment
$1,713,733 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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235 Liberty Ave
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