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6-Unit Brick Apartment Building

187 Pine Street, Jersey City, NJ 07304

For Sale
$1,200,000

All six apartments are occupied and have separate gas and electric meters, with individual heat and hot water.

Property SizeContact for details
Lot Size0.14 Acres
Days on Market38

Property Features for 187 Pine Street

General Information

Standard status Active
Lot size 0.14 Acres
Property subtype MULTI_FAMILY
Occupancy 100%

Site & Location

Neighborhood Bergen-Lafayette
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 5 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 6

Building Details

Buildings 1
Construction brick
Listing Agency: Keller Williams City Life Realty
Listed By: Frank Darden Moorefield
Source: Serhant
Added: Oct 7 Changed: Nov 13 Last Checked: Nov 12 at 2:56PM

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 Keller Williams City Life Realty

Rey
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Investment Insights

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This detached brick apartment property contains six occupied units: five with three bedrooms and one bath, plus one with two bedrooms and one bath. Gas and electric are separately metered for each apartment, and each has its own heat and hot water. The lot measures 53 x 112, and a private driveway provides off-street parking for multiple cars. The parking spaces are currently used by the building manager.

Liberty State Park, its light rail station, and shops and restaurants in Bergen-Lafayette are within a short walk.

Key Highlights

  • Six occupied apartments: five 3 bed, 1 bath units and one 2 bed, 1 bath unit
  • Detached brick building on a 53 x 112 lot
  • Separate gas and electric meters; individual heat and hot water for each apartment

Property Analytics

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Lease Details

6
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,522
Businesses Nearby

Demographics for 07304, NJ

48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Jersey City

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All six apartments are occupied and have separate gas and electric meters, with individual heat and hot water.
Where is this apartment building located?
The property is located at 187 Pine Street Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six occupied apartments: five 3 bed, 1 bath units and one 2 bed, 1 bath unit; Detached brick building on a 53 x 112 lot; Separate gas and electric meters; individual heat and hot water for each apartment
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