New Three-Family Luxury
1003 SUMMIT AVE Jersey City, NJ 07307
New
For Sale
$2,367,000
MULTI_FAMILY - Jersey City, NJ
Property Size4,618 SF
Price / SF$512.56
Days on Market1
Property Features for 1003 SUMMIT AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bathroom 6, Bedroom 9, Bathroom 2, Bedroom 1, Bathroom 7, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 7
- Standard status
- Active
Building Details
- Architectural style
- Other
Listing Agency:
NEST SEEKERS NEW JERSEY LLC
(201) 225-8655
Listed By:
MARC BRENNER · License #0017898
(201) 225-8655
Added: Jul 23
Last Checked: Jul 23 at 4:06PM
MLS# 260014563
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A brand-new luxury three-family home offering approximately 9 bedrooms and 6.5 bathrooms across three residences. The property features open-concept layouts with soaring ceilings, wide-plank white oak hardwood flooring, and oversized windows on three exposures. Each unit includes a chef-inspired kitchen with Bosch stainless steel appliances, quartz countertops, custom designer cabinetry, and generous island seating. Comfort is supported by central air conditioning and forced hot air heating, and each unit includes in-unit LG washer and dryers. Outdoor space is a standout, with a private backyard, a private 300-square-foot deck, and a private rooftop deck for each residence.
The home is located in Jersey City Heights, about one block from Central Avenue, with access to local restaurants, cafes, boutiques, parks, and NJ Transit, the Hudson-Bergen Light Rail, and PATH service.
This newly constructed three-family property offers a turnkey combination of modern finishes and separate residential units suitable for multi-family living and rental income within one building.
The home is located in Jersey City Heights, about one block from Central Avenue, with access to local restaurants, cafes, boutiques, parks, and NJ Transit, the Hudson-Bergen Light Rail, and PATH service.
This newly constructed three-family property offers a turnkey combination of modern finishes and separate residential units suitable for multi-family living and rental income within one building.
Key Highlights
- New construction luxury three‑family home with approx. 4,618 SF, 9 bedrooms, and 6.5 bathrooms
- Each unit features open‑concept layout with soaring ceilings, wide‑plank white oak hardwood floors, and oversized windows on three exposures
- Chef‑inspired kitchens include Bosch stainless steel appliances, quartz countertops, and custom designer cabinetry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.9k | $34.20 |
| − Vacancy | −$8.2k | −$1.78 |
| EGI | $149.7k | $32.42 |
| − OpEx | −$44.9k | −$9.73 |
| NOI | $104.8k | $22.70 |
4,618 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $104,806 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$1.34M
$1.18M – $1.57M
NOI $94,011 @ 7.0% cap · market cap 3.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Brand-new three-family home offering 9 bedrooms and 6.5 baths, plus private outdoor decks including a rooftop deck.
Where is this triplex located?
The property is located at 1003 SUMMIT AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $2,367,000.
What are key features of this property?
This property features: New construction luxury three‑family home with approx. 4,618 SF, 9 bedrooms, and 6.5 bathrooms; Each unit features open‑concept layout with soaring ceilings, wide‑plank white oak hardwood floors, and oversized windows on three exposures; Chef‑inspired kitchens include Bosch stainless steel appliances, quartz countertops, and custom designer cabinetry
