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386 Palisade Ave 6 Unit Apartment Building $2,835,354 CAD ($472,559 CAD/Unit) 5.99% Cap Rate Jersey City, NJ 07307
Investment Highlights
- Easy access to Midtown NYC
- Easy access to Hudson Bergen Light Rail (2nd Street Station)
Executive Summary
- Renovated in 2025, the turnkey property offers fully stabilized, market rents
- Four (4) 1B/1B Unit
- One (1) 3/1 + Private Backyard
- One (1) 3/1 Unit
- Four (4) 1B/1B Unit
- One (1) 3/1 + Private Backyard
- One (1) 3/1 Unit
Property Facts
| Price | $2,835,354 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $472,559 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.99% | Building Size | 4,458 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1880/2025 |
| Zoning | RC-2 - River View Arts District (Jersey City Heights) | ||
| Price | $2,835,354 CAD |
| Price Per Unit | $472,559 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,458 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2025 |
| Zoning | RC-2 - River View Arts District (Jersey City Heights) |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Tile Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Gas Range
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-03903-0000-00009 | Improvements Assessment | $812,375 CAD |
| Land Assessment | $383,732 CAD | Total Assessment | $1,196,107 CAD |
Property Taxes
Parcel Number
06-03903-0000-00009
Land Assessment
$383,732 CAD
Improvements Assessment
$812,375 CAD
Total Assessment
$1,196,107 CAD
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Serhant New Jersey LLC
386 Palisade Ave
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