33-35 Storms Ave, Jersey City, NJ 07306
12-unit multifamily property with value-add potential in Jersey City.
- Added:
- Mar 9, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 19 at 10:09 pm
Property Features for 33-35 Storms Ave
General Information
- Standard status
- Active
- Size
- 7,950 SF
- Property subtype
- Multifamily
Listing office Matthews
Listing date Mar 9, 2026
Source Crexi
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 Matthews
HighLights
- 16% upside potential
- Solid 6% cap rate
- 12‑unit multifamily property
- Value‑add opportunity
- Located in Jersey City
Overview
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 | $309.1k | $38.88 |
| − Vacancy | −$14.8k | −$1.87 |
| EGI | $294.3k | $37.01 |
| − OpEx | −$132.4k | −$16.66 |
| NOI | $161.8k | $20.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0676155
- Latitude
- 40.7214964
