Jersey City Multifamily Mixed-Use
For Sale
Contact for pricing
150 Stegman St, Jersey City, NJ 07305
73 apartment units and 5 retail suites in Jersey City.
Property Size14,562 SF
Days on Market82
Property Features for 150 Stegman St
General Information
Standard status
Active
Size
14,562 SF
Property subtype
Multifamily
Occupancy
97%
Amenities
20-Unit Residential Building with a Strong Mix of 1- and 2-Bedroom Layouts
Over 86% Rent Upside Captured Through Capital Improvements and Lease-Up of Below-Market In-Place Rents
Priced Well Below Average Recent Comparable Sales in the Jersey City Multifamily Market
Value-Add Opportunity Through Unit Renovations and Operational Improvements to Drive NOI Growth
Building Details
Building Size
14,562 SF
Units
20
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6121
Listed By:
Jonathan Zamora · License #License(s): NJ: 1222363
(201) 742-6121
Source:
Marcusmillichap
Added: May 21
Changed: Aug 8
Last Checked: Aug 10 at 2:28AM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This offering presents the exclusive opportunity to acquire a four-building multifamily and mixed-use portfolio in Jersey City, New Jersey. The portfolio comprises 73 apartment units and 5 retail suites. The properties are located within a rapidly evolving corridor supported by major developments including Bayfront, Canal Crossing, and Caven Point Studios. The portfolio generates approximately $662,492 in Net Operating Income. The offering is at a basis of $141,564 per unit. In-place rents are below market, with an estimated 34% rent upside through unit renovations, tenant turnover, and operational improvements. Select units also offer the ability to reconfigure layouts and increase bedroom count. The properties benefit from strong connectivity via the Hudson-Bergen Light Rail, Interstate 78, and the New Jersey Turnpike, providing access to Downtown Jersey City and Manhattan.
Key Highlights
- Portfolio of 73 apartment units and 5 retail suites in Jersey City.
- Significant rent upside (estimated 34%) through renovations and operational improvements.
- Attractive entry point at $141,564 per unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 07305, NJ
67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
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?
Apartment building - 73 apartment units and 5 retail suites in Jersey City.
Where is this apartment building located?
The property is located at 150 Stegman St Jersey City, NJ.
What are key features of this property?
This property features: Portfolio of 73 apartment units and 5 retail suites in Jersey City.; Significant rent upside (estimated 34%) through renovations and operational improvements.; Attractive entry point at $141,564 per unit.
