Two-Building Apartment
For Sale
Contact for pricing
229 Summit Ave, Jersey City, NJ 07304
Apartment properties with parking and on-site laundry facilities.
Property SizeContact for details
Days on Market152
Property Features for 229 Summit Ave
General Information
Standard status
Active
Property subtype
Multifamily
Amenities
parking lot
on-site laundry
Building Details
Buildings
2
Listing Agency:
Michael Cervelli Real Estate & Property Management
Listed By:
Chris Cervelli · License #9807944
(201) 868-6300
Source:
Crexi
Added: Apr 12
Changed: Sep 3
Last Checked: Sep 10 at 6:29AM
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 Michael Cervelli Real Estate & Property Management
Investment Insights
Based on property information with market context.
This multifamily offering includes two apartment buildings in Jersey City’s McGinley Square neighborhood, within Journal Square. The portfolio also includes a parking lot and on-site laundry facilities, adding functional components beyond the residential units.
The buildings have different rent-regulation characteristics. One property has no rent control, while the other has registered rents that exceed the amounts currently collected. The offering is located at 229 Summit Ave, Jersey City, NJ 07304.
The buildings have different rent-regulation characteristics. One property has no rent control, while the other has registered rents that exceed the amounts currently collected. The offering is located at 229 Summit Ave, Jersey City, NJ 07304.
Key Highlights
- Two apartment buildings included in the portfolio
- Located in McGinley Square within Journal Square
- One building has no rent control
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,755
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Apartment properties with parking and on-site laundry facilities.
Where is this multifamily property located?
The property is located at 229 Summit Ave Jersey City, NJ.
What are key features of this property?
This property features: Two apartment buildings included in the portfolio; Located in McGinley Square within Journal Square; One building has no rent control
