Residential Property with Shared
New
For Sale
$579,000
207 OGDEN Unit 2R, Jersey City, NJ 07307
The condo includes central air conditioning, in-unit laundry, and a locked basement storage unit.
Property Size900 SF
Days on Market5
Property Features for 207 OGDEN Unit 2R
General Information
Standard status
Active
Size
900 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,902
Amenities
central air conditioning
in-unit laundry
private locked basement storage unit
shared backyard
Building Details
Building Size
900 SF
Year Built
1900
Listing Agency:
Corcoran Sawyer Smith - Princeton
Listed By:
Ann Camille Lee · License #570094
(609) 529-6146
Source:
Serhant
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 9:08PM
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 Corcoran Sawyer Smith - Princeton
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condo is in a pre-war building constructed in 1900. The bedrooms sit at opposite ends of the layout. Central air conditioning, in-unit laundry, and a private locked basement storage unit are included, along with access to a shared backyard.
The property is one short block from the 123 bus to Port Authority. The Light Rail and PATH provide additional transit connections, and the 100 Steps route to Hoboken is nearby. A farmers market is steps away, with restaurants, cafes, parks, and shops also within easy reach.
The property is one short block from the 123 bus to Port Authority. The Light Rail and PATH provide additional transit connections, and the 100 Steps route to Hoboken is nearby. A farmers market is steps away, with restaurants, cafes, parks, and shops also within easy reach.
Key Highlights
- Two bedrooms and two bathrooms, with bedrooms at opposite ends of the condo
- Pre‑war building constructed in 1900
- Central air conditioning and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,322
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,440
$366.4K
Cap Rate 7%
$261,743
$261.7K
Cap Rate 9%
$203,578
$203.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$35.0K $38.88/SF
− Vacancy
−$1.7K −$1.87/SF
EGI
$33.3K $37.01/SF
− OpEx
−$15.0K −$16.66/SF
NOI
$18.3K $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%
$366,440
Cap Rate 7%
$261,743
Cap Rate 9%
$203,578
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$291.8K
$255.3K – $340.4K
NOI $20,426 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,263
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes central air conditioning, in-unit laundry, and a locked basement storage unit.
Where is this residential income property located?
The property is located at 207 OGDEN Unit 2R Jersey City, NJ.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms, with bedrooms at opposite ends of the condo; Pre‑war building constructed in 1900; Central air conditioning and in‑unit laundry
