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Multifamily Opportunity: 31% Upside
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35 Kensington Ave, Jersey City, NJ 07304

Multifamily property with potential for increased value.

Property Size38,500 SF
Price / SF$149.87
Days on Market144

Property Features for 35 Kensington Ave

General Information

Standard status Active
Size 38,500 SF
Property subtype Multifamily
Net Operating Income $369,683

Building Details

Buildings 1
Units 31
Listing Agency: Matthews
Listed By: David Ferber · License #1974915
Source: Crexi
Added: Mar 23 Changed: Aug 8 Last Checked: Jul 22 at 12:36PM

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

Investment Insights

Based on property information with market context.

This multifamily property comprises two buildings and offers potential for increased value. The property is suitable for residential income purposes. The property has a size of 38500 square feet.

Key Highlights

  • Multifamily Property
  • 31% Upside Potential
  • Two Buildings

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Acupuncture (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Carpet & Flooring Store Nursing Home Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,176
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with potential for increased value.
Where is this apartment building located?
The property is located at 35 Kensington Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $5,770,000.
What are key features of this property?
This property features: Multifamily Property; 31% Upside Potential; Two Buildings
More about this property
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