Building Details

Buildings 3

Listing Agency: ACCESS HOMES REALTY Show Phone

Listed By: JULIO ALVARADO · License #0567648 Show Phone

Source: Exitrealty

Added: Jan 24, 2024 Changed: Sep 2 Last Checked: Sep 5 at 7:01AM

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Investment Insights

Based on property information with market context.

This multifamily offering is structured as a package sale with the properties at 296, 298, and 302 Paterson Plank Road. The portfolio is identified as an income-producing residential asset in Jersey City Heights, New Jersey, and carries a reported 4.5% cap rate.

Key Highlights

• Package sale includes 296, 298, and 302 Paterson Plank Road
• Reported 4.5% cap rate
• Income‑producing multifamily property

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Catering Service Clothing & Fashion Store Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,924

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Income-producing multifamily offering sold together with three additional Paterson Plank Road properties.

Where is this multifamily property located?

The property is located at 300 Paterson Plank Rd Jersey City Jersey City, NJ.

What is the asking price?

The asking price for this property is $1,499,999.

What are key features of this property?

This property features: Package sale includes 296, 298, and 302 Paterson Plank Road; Reported 4.5% cap rate; Income‑producing multifamily property