Four-Story Brick Multifamily
127 Ogden Ave. Jersey City, NJ 07307
127 Ogden Ave., Jersey City, NJ, 07307
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For Sale
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Four-story walk-up multifamily with 7 total units, new high-efficiency boiler, and an advanced water utilization system.
Property Size6,800 SF
Lot Size0.06 Acres
Price / SF$235.29
Days on Market149
Property Features for 127 Ogden Ave.
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Listing agency
Grid Real Estate LLC
(973) 610-5145
Listed by
Gregory Edgell · License #NJ 1541991
Source
Crexi
Added: Feb 23 Updated: Jul 22 at 12:26PM Checked: Jul 22 at 12:26PM
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 Grid Real Estate LLC
Investment Insights
Based on property information with market context.
This four-story brick walk-up multifamily building provides 6,800 gross square feet on a 25 x 100 lot. The current unit mix totals 7 apartments: six 1.5-bedroom units and one 2-bedroom unit. Recent capital investment includes a brand new high-efficiency boiler and an advanced water utilization system.
The property is positioned adjacent to Riverview Fisk Park and features immediate access to the 9th Street elevator with direct transit to Hoboken and the Hudson-Bergen Light Rail. Public remarks also note unobstructed NYC skyline views from the Palisades.
Current rents for the 6 one-and-a-half-bedroom and 1 two-bedroom unit are described as legacy rents ranging from $1,445 to $1,728 per month.
The property is positioned adjacent to Riverview Fisk Park and features immediate access to the 9th Street elevator with direct transit to Hoboken and the Hudson-Bergen Light Rail. Public remarks also note unobstructed NYC skyline views from the Palisades.
Current rents for the 6 one-and-a-half-bedroom and 1 two-bedroom unit are described as legacy rents ranging from $1,445 to $1,728 per month.
Key Highlights
- Four‑story brick walk‑up multifamily with 7 total units and 6,800 gross SF on a 25 x 100 lot
- Unit mix includes (6) 1.5‑bedroom and (1) 2‑bedroom apartments
- New high‑efficiency boiler and an advanced water utilization system, supporting reduced deferred maintenance risk
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.4k | $38.88 |
| − Vacancy | −$12.7k | −$1.87 |
| EGI | $251.7k | $37.01 |
| − OpEx | −$113.3k | −$16.66 |
| NOI | $138.4k | $20.36 |
6,800 SF · lease $38.88/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,431 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,327 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Four-story walk-up multifamily with 7 total units, new high-efficiency boiler, and an advanced water utilization system.
Where is this apartment building located?
The property is located at 127 Ogden Ave. Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four‑story brick walk‑up multifamily with 7 total units and 6,800 gross SF on a 25 x 100 lot; Unit mix includes (6) 1.5‑bedroom and (1) 2‑bedroom apartments; New high‑efficiency boiler and an advanced water utilization system, supporting reduced deferred maintenance risk
