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298-302 Whiton St
Jersey City, NJ 07304
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Recently renovated multi-unit layouts with upscale interior finishes.
- Energy-efficient upgrades including low-E windows and modern appliances.
- Expansive private rooftop decks and balconies with skyline views.
- Located within walking distance of Liberty State Park Light Rail station.
Executive Summary
Turnkey Revenue: Immediate, high-volume rental income with tenants fully in place. As-Is Sale: Streamlined transaction sold strictly in its current condition. Massive Scale: Expansive layouts totaling over 5,400 square feet across both properties. Premium Formats: Multi-unit configurations structured as large, highly desirable duplexes. Outdoor Luxury: Multiple private balconies and massive rooftop decks with NYC skyline views. Prime Commute: Located just four blocks from the Liberty State Park Light Rail station. Property Details300 Whiton Street: Spanning roughly 2,800 square feet of total interior space, this multi-unit brick property features two renovated 3-bedroom, 2-bathroom luxury duplex layouts. Designed to optimize energy efficiency and minimize operational costs, the building is outfitted with Energy Star low-E windows, energy-efficient appliances, and soy-based spray foam insulation. Premium interior finishes include central air and heating, open floor plans, bamboo and hardwood flooring, standing tile showers with pebble floors, and granite countertops paired with stainless steel appliances. Added conveniences like stacked in-unit laundry, color video intercom security systems, and robust home-theater pre-wiring make it highly attractive to high-paying tenants. This property also boasts spectacular private outdoor assets, featuring two rooftop decks that deliver unobstructed 360-degree views of the New York City skyline.302 Whiton Street: This meticulously restored historic townhouse comprises expansive, newly constructed luxury duplex apartments built to mirror the feel of independent single-family homes. Each massive 4-bedroom, 3-bathroom layout stretches across approximately 2,645 square feet, introducing a level of interior scale rarely seen in the Jersey City market. The units are flooded with natural sunlight and feature high ceilings, hardwood flooring, multiple walk-in closets, and designer open-concept kitchens with all major appliances included. Tenants enjoy premium in-unit laundry and expansive outdoor areas, including large balconies situated right off the main living zones. The upper unit is accessible via a private interior staircase leading directly to its own massive, private rooftop deck, serving up sweeping panoramic views of Downtown Jersey City and Manhattan. If you are ready to move forward with marketing or purchasing these assets, please let me know: Would you like me to draft a formal letter of intent (LOI) reflecting an "as-is" purchase with tenants in place? Do you need an investment cash-flow analysis based on the neighborhood's current multi-family cap rates? Are you looking for specific local property management recommendations for the Bergen-Lafayette area? This sale includes a single family home at 298 totaling 5 bedrooms and 3 baths.
Property Facts
| Price Per Unit | $3,873,320 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,938 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-2 - Residential | ||
| Price Per Unit | $3,873,320 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 7,938 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,053,542 CAD | |
| Land Assessment | $523,587 CAD | Total Assessment | $1,577,129 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$523,587 CAD
Improvements Assessment
$1,053,542 CAD
Total Assessment
$1,577,129 CAD
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