35 Kensington Ave, Jersey City, NJ 07304
Multifamily property with potential for increased value.
- Added:
- Mar 23, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 25 at 8:48 am
Property Features for 35 Kensington Ave
General Information
- Standard status
- Active
- Size
- 38,500 SF
- Property subtype
- Multifamily
Listing office Matthews
Listing date Mar 23, 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
- Multifamily Property
- 31% Upside Potential
- Two Buildings
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 | $1.50M | $38.88 |
| − Vacancy | −$71.9k | −$1.87 |
| EGI | $1.43M | $37.01 |
| − OpEx | −$641.3k | −$16.66 |
| NOI | $783.8k | $20.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0735878
- Latitude
- 40.7222062
