New Construction Duplex with Rooftop
For Sale
$1,698,000
206 Clendenny Ave, Jersey City, NJ 07304
Two contemporary residences feature smart-home technology, upgraded kitchens, private outdoor areas, and an EV-ready garage.
Property Size3,088 SF
Price / SF$549.87
Days on Market72
Property Features for 206 Clendenny Ave
General Information
Standard status
Active
Size
3,088 SF
Total Parking Spaces
2
Property subtype
Two Family Home
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
smart home technology
wet bar
private rooftop deck
EV charging outlets
Building Details
Buildings
1
Stories
3
Listing Agency:
Nexthome Prime
(551) 212-3870
Listed By:
Reyes Cartagena Jr · License #0789932
(551) 212-3870
Source:
Betterhomerealestate
Added: Jun 18
Changed: Aug 28
Last Checked: Aug 28 at 7:16AM
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 Nexthome Prime
Investment Insights
Based on property information with market context.
Completed as a 3,088 Sq. Ft. duplex, this two-family residence combines contemporary interiors with distinct outdoor spaces. The first unit spans two levels and includes 3 bedrooms, 2.5 baths, a family room, half bath, wet bar, beverage cooler, and access to an open backyard. The second residence offers 3 bedrooms, 2 baths, and a private finished rooftop deck with New York City skyline views.
Interior features include waterfall quartz kitchen counters, stainless steel appliances, smart-home technology, and wide-plank engineered oak flooring. A 2-car Garage includes EV charging outlets. The property is located at 206 Clendenny Ave in Jersey City, 0.6 miles from the West Side Avenue NJ Transit Light Rail and 0.2 miles from Lincoln Park. Shops and major highways are also nearby.
Interior features include waterfall quartz kitchen counters, stainless steel appliances, smart-home technology, and wide-plank engineered oak flooring. A 2-car Garage includes EV charging outlets. The property is located at 206 Clendenny Ave in Jersey City, 0.6 miles from the West Side Avenue NJ Transit Light Rail and 0.2 miles from Lincoln Park. Shops and major highways are also nearby.
Key Highlights
- 3,088 Sq. Ft. newly constructed duplex
- Unit 1 includes 3 bedrooms, 2.5 baths, two levels, family room, wet bar, and backyard access
- Unit 2 offers 3 bedrooms, 2 baths, and a finished private rooftop deck
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
$70,083
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
4.13%
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%
$1,401,660
$1.4M
Cap Rate 7%
$1,001,186
$1.0M
Cap Rate 9%
$778,700
$778.7K
Market Conditions
NOI Build-Up for 3,088 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
$105.6K $34.20/SF
− Vacancy
−$5.5K −$1.78/SF
EGI
$100.1K $32.42/SF
− OpEx
−$30.0K −$9.73/SF
NOI
$70.1K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,401,660
Cap Rate 7%
$1,001,186
Cap Rate 9%
$778,700
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$876.0K – $1.17M
NOI $70,083 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$898.1K
$785.8K – $1.05M
NOI $62,864 @ 7.0% cap · market cap 3.70%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,782
Businesses Nearby
Explore this area
Business Placement
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
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 contemporary residences feature smart-home technology, upgraded kitchens, private outdoor areas, and an EV-ready garage.
Where is this duplex located?
The property is located at 206 Clendenny Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: 3,088 Sq. Ft. newly constructed duplex; Unit 1 includes 3 bedrooms, 2.5 baths, two levels, family room, wet bar, and backyard access; Unit 2 offers 3 bedrooms, 2 baths, and a finished private rooftop deck
