40 Beacon Ave

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.