Historic Duplex With Original
For Sale
$1,450,000
116 BENTLEY AVE JC Journal, Jersey City, NJ 07304
Two residences feature updated kitchens, stainless-steel appliances, private parking, and preserved architectural elements in Jersey City’s West Bergen–East Lincoln Park Historic District.
Property Size3,953 SF
Lot Size0.17 Acres
Price / SF$366.81
Days on Market109
Property Features for 116 BENTLEY AVE JC Journal
General Information
Standard status
Active
Size
3,953 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Amenities
garage
fenced backyard
A/C Window
Steam
Building Details
Year Built
1925
Buildings
1
Stories
3
Construction
colonial
Listing Agency:
Keller Williams City Life Realty
(206) 549-1143
Listed By:
Glenn Andrew · License #2441089
(206) 549-1143
Source:
Kw
Added: Apr 29
Changed: Aug 14
Last Checked: Aug 14 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams City Life Realty
Investment Insights
Based on property information with market context.
Located at 116 Bentley Avenue, this 3,953-square-foot duplex occupies a 7,253-square-foot lot within Jersey City’s West Bergen–East Lincoln Park Historic District. The property includes a first-floor residence with 2 bedrooms and 1 bath, plus an upper duplex with 4 bedrooms and 2 baths. Both residences have updated kitchens and stainless-steel appliances. Original interior features include pocket doors, plaster molding, crown details, mahogany-inlaid parquet flooring, stained-glass windows, and a preserved staircase.
The lower level provides a semi-finished basement with high ceilings, a half bath, and a substantial crawl space for storage. Exterior features include a fully fenced backyard, lawn, mature roses, hydrangea, and a red maple. A private driveway accommodates parking for 5 or more vehicles, and the property also includes a single-car garage.
Capital improvements include replacement windows throughout, a roof approximately 10 years old, an approximately 8-year-old boiler, and an approximately 2-year-old hot water heater.
The lower level provides a semi-finished basement with high ceilings, a half bath, and a substantial crawl space for storage. Exterior features include a fully fenced backyard, lawn, mature roses, hydrangea, and a red maple. A private driveway accommodates parking for 5 or more vehicles, and the property also includes a single-car garage.
Capital improvements include replacement windows throughout, a roof approximately 10 years old, an approximately 8-year-old boiler, and an approximately 2-year-old hot water heater.
Key Highlights
- 3,953 square feet across three stories on a 7,253‑square‑foot lot
- First‑floor residence has 2 bedrooms and 1 bath; upper duplex has 4 bedrooms and 2 baths
- Original pocket doors, plaster molding, parquet floors, stained glass, and staircase
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,714
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,794,280
$1.8M
Cap Rate 7%
$1,281,629
$1.3M
Cap Rate 9%
$996,822
$996.8K
Market Conditions
NOI Build-Up for 3,953 SF
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.
Gross rent
$135.2K $34.20/SF
− Vacancy
−$7.0K −$1.78/SF
EGI
$128.2K $32.42/SF
− OpEx
−$38.4K −$9.73/SF
NOI
$89.7K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,794,280
Cap Rate 7%
$1,281,629
Cap Rate 9%
$996,822
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,714 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,473 @ 7.0% cap · market cap 5.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,767
Businesses Nearby
Explore this area
Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature updated kitchens, stainless-steel appliances, private parking, and preserved architectural elements in Jersey City’s West Bergen–East Lincoln Park Historic District.
Where is this duplex located?
The property is located at 116 BENTLEY AVE JC Journal Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,953 square feet across three stories on a 7,253‑square‑foot lot; First‑floor residence has 2 bedrooms and 1 bath; upper duplex has 4 bedrooms and 2 baths; Original pocket doors, plaster molding, parquet floors, stained glass, and staircase
