Duplex with Finished
New
For Sale
$799,000
119 Collard St, Jersey City, NJ 07306
Two residences and a finished lower level offer distinct living areas, separate utilities, and private outdoor space.
Property Size1,806 SF
Days on Market2
Property Features for 119 Collard St
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Investment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,996
Amenities
separate utilities
semi-private entrances
private outdoor space
laundry facilities
storage
patio
storage shed
Building Details
Building Size
1,806 SF
Year Built
1915
Stories
2
Listing Agency:
RE/MAX 1st. Advantage
Listed By:
ROBERT DEKANSKI · License #232901
(732) 827-5344
Source:
Elliman
Added: Oct 1
Last Checked: Oct 1 at 2:01PM
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 RE/MAX 1st. Advantage
Investment Insights
Based on property information with market context.
This Jersey City duplex, built in 1915, contains two residences and a full finished basement with an additional bedroom, bathroom, kitchen, and living area. The first-floor residence has two bedrooms, an updated full bath, combined living and dining space, and an eat-in kitchen with stainless steel appliances and upgraded counters. Upstairs, the second residence has three bedrooms, a full bath, combined living and dining space, and a kitchen with cabinet storage. Separate utilities, semi-private entrances, laundry facilities, and storage add to the building’s practical layout.
The property is in Jersey City’s Heights section, with a bus line nearby and the PATH train within walking distance. Shopping, dining, parks, and major roads are also identified in the surrounding area. Outdoor features include a patio and storage shed, along with private outdoor space.
Walk Score is 98 and Bike Score is 79; Transit Score is 72.
The property is in Jersey City’s Heights section, with a bus line nearby and the PATH train within walking distance. Shopping, dining, parks, and major roads are also identified in the surrounding area. Outdoor features include a patio and storage shed, along with private outdoor space.
Walk Score is 98 and Bike Score is 79; Transit Score is 72.
Key Highlights
- Two residences plus a finished basement with bedroom, bath, kitchen, and living area
- First‑floor layout includes 2 bedrooms; second‑floor layout includes 3 bedrooms
- Separate utilities and semi‑private entrances
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
$40,987
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
5.13%
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%
$819,740
$819.7K
Cap Rate 7%
$585,529
$585.5K
Cap Rate 9%
$455,411
$455.4K
Market Conditions
NOI Build-Up for 1,806 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
$61.8K $34.20/SF
− Vacancy
−$3.2K −$1.78/SF
EGI
$58.6K $32.42/SF
− OpEx
−$17.6K −$9.73/SF
NOI
$41.0K $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%
$819,740
Cap Rate 7%
$585,529
Cap Rate 9%
$455,411
Alternative Uses
Best Use
Multifamily LT 5
$585.5K
$512.3K – $683.1K
NOI $40,987 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 4.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences and a finished lower level offer distinct living areas, separate utilities, and private outdoor space.
Where is this duplex located?
The property is located at 119 Collard St Jersey City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two residences plus a finished basement with bedroom, bath, kitchen, and living area; First‑floor layout includes 2 bedrooms; second‑floor layout includes 3 bedrooms; Separate utilities and semi‑private entrances
