Residential Income Property with
163 Grant Ave # 2, Jersey City, NJ 07305
For Sale
New
Contact for pricing
The three-bedroom apartment includes a laundry room and generous closet space.
Property Size1,200 SF
Price / SF$2.25
Days on Market2
Property Features for 163 Grant Ave # 2
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
laundry room
balcony
hardwood flooring
Tile,Wood
Electric,Gas-Natural
Second
3 Bedrooms,Bath(s) Other,Dining Room,Kitchen,Laundry Room,Living Room
3
Hookup Available,In Unit
Bathroom
Laundry Room
City/Town Street
Public Water
25X96 AV.
0.06
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:09AM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
This 1,200-square-foot apartment in a residential income property has three bedrooms, two full bathrooms, a dining room, kitchen, living room, and laundry room. A balcony, closet storage, and natural light are also noted. The building dates to 2002.
The property is in Jersey City, with West Side Avenue Light Rail a five-minute walk away. Public and private highways are nearby.
The property is in Jersey City, with West Side Avenue Light Rail a five-minute walk away. Public and private highways are nearby.
Key Highlights
- 1,200‑square‑foot apartment with three bedrooms and two full bathrooms
- Balcony, laundry room, and multiple living areas
- Five‑minute walk to West Side Avenue Light Rail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,429
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,580
$488.6K
Cap Rate 7%
$348,986
$349.0K
Cap Rate 9%
$271,433
$271.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$46.7K $38.88/SF
− Vacancy
−$2.2K −$1.87/SF
EGI
$44.4K $37.01/SF
− OpEx
−$20.0K −$16.66/SF
NOI
$24.4K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,580
Cap Rate 7%
$348,986
Cap Rate 9%
$271,433
Alternative Uses
Best Use
Apartment 5plus
$349.0K
$305.4K – $407.2K
NOI $24,429 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$389.1K
$340.4K – $453.9K
NOI $27,234 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,264
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
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Market
Properties on Market for Residential income properties in Jersey City
Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom apartment includes a laundry room and generous closet space.
Where is this residential income property located?
The property is located at 163 Grant Ave # 2 Jersey City, NJ.
What are key features of this property?
This property features: 1,200‑square‑foot apartment with three bedrooms and two full bathrooms; Balcony, laundry room, and multiple living areas; Five‑minute walk to West Side Avenue Light Rail
