Six-Unit Brick Multifamily
219 PACIFIC AVE Unit 0 Jersey City, NJ 07304
219 PACIFIC AVE Unit 0, Jersey City, NJ, 07304
$1,420,000
For Sale
$1,420,000
Brick six-unit multifamily property with 11 bedrooms and six bathrooms, suited for investors or owner-occupants.
Property Size5,032 SF
Price / SF$282.19
Days on Market116
Property Features for 219 PACIFIC AVE Unit 0
General Information
- Standard status
- Active
- Size
- 5,032 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1910
Listing Agency
KELLER WILLIAMS - NJ METRO GROUP
(862) 213-0008
Listed by
BRENDAN DASILVA · License #1753996
(862) 213-0008
Source
Xome
Added: Mar 24 Checked: Jun 15 at 3:27 am
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 - NJ METRO GROUP
Investment Insights
Based on property information with market context.
219 Pacific Street is a six-unit multifamily building with a brick exterior. The property provides a total of 11 bedrooms and six bathrooms across its units, offering functional layouts designed for day-to-day living. The brick construction supports durability and a lower-maintenance exterior profile.
The building is located in Jersey City and is described as being near major transportation, shopping, dining, and local amenities. This convenience can support tenant accessibility for both commuting and everyday needs.
With multiple residential units under one roof, the property can fit a range of ownership goals, including an investor looking to own a multi-tenant asset or an owner-occupant who wants the flexibility of living in one unit while renting others. The unit mix and overall layout support practical residential usage for tenants seeking comfortable, straightforward living arrangements.
The building is located in Jersey City and is described as being near major transportation, shopping, dining, and local amenities. This convenience can support tenant accessibility for both commuting and everyday needs.
With multiple residential units under one roof, the property can fit a range of ownership goals, including an investor looking to own a multi-tenant asset or an owner-occupant who wants the flexibility of living in one unit while renting others. The unit mix and overall layout support practical residential usage for tenants seeking comfortable, straightforward living arrangements.
Key Highlights
- Brick 6‑unit multifamily property built in 1910
- Total of 11 bedrooms and 6 bathrooms across the 6 units
- Window air conditioning and heating noted as 3
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.6k | $38.88 |
| − Vacancy | −$9.4k | −$1.87 |
| EGI | $186.3k | $37.01 |
| − OpEx | −$83.8k | −$16.66 |
| NOI | $102.4k | $20.36 |
5,032 SF · lease $38.88/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,439 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,202 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Brick six-unit multifamily property with 11 bedrooms and six bathrooms, suited for investors or owner-occupants.
Where is this apartment building located?
The property is located at 219 PACIFIC AVE Unit 0 Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Brick 6‑unit multifamily property built in 1910; Total of 11 bedrooms and 6 bathrooms across the 6 units; Window air conditioning and heating noted as 3
