123-125 Booraem Ave Jersey City, NJ 07307

Listing agency Prominent Properties Sotheby's International Realty Hoboken t***@sothebysrealty.com Show Phone

Listed by Tarek Hassieb · License #NJ 1648869

Source Crexi

Added: Apr 11 Updated: Jul 20 at 6:31PM Checked: Jul 21 at 5:45AM

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Investment Insights

Based on property information with market context.

This apartment building is currently operating as a weekly room rental facility, with a total of 25 rooms for rent. The property includes a large detached garage, a huge basement, and a long driveway on a 50 by 100 lot. An onsite super and a rigorous application and interview process are in place to help maintain operations, and the seller will accommodate up to three months of transition time for new ownership.

Located near Pershing Field Park, the property is also described as being about “100 steps into Hoboken.” It is about one block from a bus stop on Central Ave with service to Port Authority, and it is near the Jersey City Reservoir Reconstruction project, which is slated to open soon to the public. The seller reports an attractive 7.22% cap rate and indicates monthly rentals are producing consistently low vacancy.

For buyers seeking an income-oriented, turnkey residential income asset, 123-125 Booraem Ave is positioned as a standout opportunity based on its current operating setup.

Key Highlights

• Operating weekly room rental facility designated Class A with 25 rentable rooms
• 50 by 100 lot with a long driveway
• Includes a large detached garage and a huge basement

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FAQs

What type of property is this?

Short term rental property - 25-room weekly rental building with a detached garage, long driveway, and onsite supervision.

Where is this short term rental property located?

The property is located at 123-125 Booraem Ave Jersey City, NJ.

What are key features of this property?

This property features: Operating weekly room rental facility designated Class A with 25 rentable rooms; 50 by 100 lot with a long driveway; Includes a large detached garage and a huge basement