40 Beacon Ave

10 Unit Apartment Building $1,990,000 ($199,000/Unit) 7.57% Cap Rate Jersey City, NJ 07306

EXECUTIVE SUMMARY

Presenting 40 Beacon Ave, a well-maintained rent-stabilized multifamily property located in the heart of Jersey City. This asset offers investors a rare opportunity to acquire a stable, income-producing building in a rapidly growing market. With strong local demand for rentals and proximity to major transportation hubs, this property is positioned for long-term appreciation and steady cash flow.
Property Details:
Location: 40 Beacon Ave, Jersey City, NJ 07306
Units: 9 (can be converted into 10)
Building Size: 4,000 SF
Cap Rate: 7.53%
Investment Highlights:
- Rent-Stabilized Building: Provides consistent cash flow with potential upside through future rent increases.
- High-Demand Location: Situated in Jersey City’s Journal Square neighborhood, known for its vibrant community and excellent connectivity to Manhattan via the PATH train.
- Strong Market Fundamentals: Jersey City continues to experience strong demand for rental housing due to its proximity to New York City, a growing population, and revitalization efforts.
- Value-Add Potential: Opportunity for additional revenue growth through property improvements and optimization of current operations.
- Transportation Access: Close to major public transportation options, including the Journal Square PATH Station, as well as highways like Route 1 & 9, making commuting a breeze for tenants.
Nearby Amenities:
Residents enjoy a variety of nearby amenities, including shops, restaurants, schools, parks, and entertainment options. The property is minutes away from the vibrant Journal Square area, offering convenient access to local conveniences and entertainment options.
Financials and Terms:
- Pro Forma Cap Rate: 11.33%
This is an exceptional opportunity for investors looking to acquire a well-positioned multifamily asset in one of the most desirable submarkets in New Jersey. For more information or to schedule a tour, please contact the property manager at ydhir@princerentals.us.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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

PROPERTY FACTS

Price $1,990,000
Price Per Unit $199,000
Sale Type Investment
Cap Rate 7.57%
Sale Condition 1031 Exchange
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.07 AC
Building Size 4,493 SF
Average Occupancy 100%
No. Stories 4
Year Built/Renovated 1910/2024
Parking Ratio 1/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Security System
  • Kitchen
  • Stainless Steel Appliances
  • Tub/Shower
  • Walk-In Closets
  • Intercom

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Security System
  • Gas Range
  • Storage Space
  • Public Transportation
  • Walk-Up
  • Smoke Detector
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (83)

PROPERTY TAXES

ZONING

Zoning Code MF
  • Listing ID: 33348640

  • Date on Market: 9/29/2024

  • Last Updated:

  • Address: 40 Beacon Ave, Jersey City, NJ 07306