Renovated Two-Family
For Sale
Contact for pricing
193 Clerk St, Jersey City, NJ 07305
Two residential units offer three- and four-bedroom layouts with in-unit laundry, separate utilities, and a functional basement.
Property Size3,556 SF
Price / SF$224.94
Days on Market146
Property Features for 193 Clerk St
General Information
Standard status
Active
Size
3,556 SF
Property subtype
Multifamily
Zoning
R-1 (one & two unit residential)
Occupancy
50%
Financials
Gross Income
$62,400
Average Monthly Rent
$2,600
Units
Unit Mix
1 x 3BR, 1 x 4BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
1930
Year Renovated
2024
Buildings
1
Stories
3
Units
2
Listing Agency:
KW Commercial Princeton
Listed By:
Jerry Tanious · License #nj 9136185
Source:
Crexi
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 29 at 1:39PM
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 KW Commercial Princeton
Investment Insights
Based on property information with market context.
Built in 1930, this 3,556-square-foot Jersey City duplex contains two residential units with three-bedroom and four-bedroom layouts. The property was renovated in 2024, and each unit includes an in-unit washer and dryer. Separate utilities, gas boilers, and water heaters support straightforward day-to-day operations.
The full basement provides additional functional space and has two exits. The property is zoned R-1 for one- and two-unit residential use. Located at 193 Clerk St, the building is within walking distance of light rail, bus service, supermarkets, and local restaurants, providing access to everyday amenities and commuter transportation.
The full basement provides additional functional space and has two exits. The property is zoned R-1 for one- and two-unit residential use. Located at 193 Clerk St, the building is within walking distance of light rail, bus service, supermarkets, and local restaurants, providing access to everyday amenities and commuter transportation.
Key Highlights
- Two‑family duplex with 3‑bedroom and 4‑bedroom units
- 3,556‑square‑foot building renovated in 2024
- In‑unit washers and dryers in both residential units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,392
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,447,840
$1.4M
Cap Rate 7%
$1,034,171
$1.0M
Cap Rate 9%
$804,356
$804.4K
Market Conditions
NOI Build-Up for 3,556 SF
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.
Gross rent
$138.3K $38.88/SF
− Vacancy
−$6.6K −$1.87/SF
EGI
$131.6K $37.01/SF
− OpEx
−$59.2K −$16.66/SF
NOI
$72.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,447,840
Cap Rate 7%
$1,034,171
Cap Rate 9%
$804,356
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,704 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$1.03M
$904.9K – $1.21M
NOI $72,392 @ 7.0% cap · market cap 9.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,947
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?
Duplex - Two residential units offer three- and four-bedroom layouts with in-unit laundry, separate utilities, and a functional basement.
Where is this duplex located?
The property is located at 193 Clerk St Jersey City, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑family duplex with 3‑bedroom and 4‑bedroom units; 3,556‑square‑foot building renovated in 2024; In‑unit washers and dryers in both residential units
