Arlington Place | 747 Grand St
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Arlington Place 747 Grand St
36 Unit Apartment Building $13,250,000 ($368,056/Unit) Jersey City, NJ 07304
Investment Highlights
- Exceptional Unit Mix 78% 2 Bedrooms
- 7 Minute Walk to Garfield Light Rail Station
- Prime Location in front of Arlington Park
- 2017 Year Built
- 23 Minutes to NYC by Train
Executive Summary
Arlington Place is a mid-rise residential building located in Jersey City. It offers 36 luxury units, including 1-bedroom and 2-bedroom options, with 29 covered parking spaces. Residents enjoy modern features such as hardwood floors, in-unit washers and dryers, and kitchens equipped with stainless steel appliances. Additional amenities include a stylish entrance foyer, covered parking, and elevator access.Situated in the historic Bergen Lafayette neighborhood, the property is directly across from Arlington Park and just a 7-minute walk from the Garfield Light Rail Station, providing easy access to PATH stations and Liberty State Park. Additional nearby attractions include Berry Lane Park, which features tennis courts, a skate park, playgrounds, and electric vehicle charging stations. The property is also in proximity to major employers in Jersey City, including Imperial Dade, Jersey City Medical Center, Lowe’s Home Center Inc., and The Home Depot.
Financial Summary (Actual - 2023) 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $13,250,000 | Building Class | B |
| Price Per Unit | $368,056 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 46,275 SF |
| No. Units | 36 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Mid Rise | Parking Ratio | 0.62/1,000 SF |
| Price | $13,250,000 |
| Price Per Unit | $368,056 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 46,275 SF |
| Average Occupancy | 97% |
| No. Stories | 5 |
| Year Built | 2017 |
| Parking Ratio | 0.62/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Playground
- Wheelchair Accessible
- Car Charging Station
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,240 | 778 - 881 |
| 2+2 | 28 | $2,612 | 884 - 1,046 |
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 06-18704-0000-00016 | Total Assessment | $3,209,000 (2024) |
| Land Assessment | $1,260,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,949,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06-18704-0000-00016
Land Assessment
$1,260,000 (2024)
Improvements Assessment
$1,949,000 (2024)
Total Assessment
$3,209,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R-1 |
| R-1 |
-
Adam Zweibel -
Ben Susskind -
Hudson Atlantic Realty
1 of 32
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Arlington Place | 747 Grand St
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