Apartment Building with Detached
For Sale
Contact for pricing
Pending
123-125 Booraem Ave, Jersey City, NJ 07307
25-room weekly rental building with a detached garage, long driveway, and onsite supervision.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market149
Property Features for 123-125 Booraem Ave
General Information
Standard status
Pending
Class
A
Lot size
0.11 Acres
Property subtype
Retail
Financials
Cap Rate
7.22%
Business Included
Yes
Additional Details
Multifamily Units
25
Building Details
Tenancy
Multi
Listing Agency:
Prominent Properties Sotheby's International Realty Hoboken
Listed By:
Tarek Hassieb · License #NJ 1648869
(201) 396-8447
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Sep 5 at 5:58PM
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 Prominent Properties Sotheby's International Realty Hoboken
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
25
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 07307, NJ
44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
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?
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
