Multifamily Property with Updated
For Sale
$950,000
75 Grant Ave, Jersey City, NJ 07305
The occupied property includes eight bedrooms, five bathrooms, and recently installed appliances and water heaters.
Property Size3,000 SF
Price / SF$316.67
Days on Market20
Property Features for 75 Grant Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Gross Income
$85,800
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,800
Amenities
new appliances
new water heaters
Building Details
Building Size
3,000 SF
Year Built
2005
Listing Agency:
BEN BAY REALTY CO. OF NEW JERSEY
Listed By:
GEORGE CHU
(732) 258-2223
Source:
Tkregroupinc
Added: Oct 16
Changed: Nov 3
Last Checked: Nov 3 at 9:02AM
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 BEN BAY REALTY CO. OF NEW JERSEY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 3,000 square feet, with eight bedrooms and five bathrooms. Built in 2005, it is currently fully occupied. Recent improvements include new appliances, washers and dryers, and water heaters, providing updated equipment across the property.
Located at 75 Grant Ave in Jersey City, New Jersey, the property is offered for sale.
Located at 75 Grant Ave in Jersey City, New Jersey, the property is offered for sale.
Key Highlights
- 3,000‑square‑foot multifamily property
- Eight bedrooms and five bathrooms
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,073
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,460
$1.2M
Cap Rate 7%
$872,471
$872.5K
Cap Rate 9%
$678,589
$678.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$116.6K $38.88/SF
− Vacancy
−$5.6K −$1.87/SF
EGI
$111.0K $37.01/SF
− OpEx
−$50.0K −$16.66/SF
NOI
$61.1K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,460
Cap Rate 7%
$872,471
Cap Rate 9%
$678,589
Alternative Uses
Best Use
Apartment 5plus
$872.5K
$763.4K – $1.02M
NOI $61,073 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$972.6K
$851.1K – $1.13M
NOI $68,085 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 07305, NJ
67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The occupied property includes eight bedrooms, five bathrooms, and recently installed appliances and water heaters.
Where is this multifamily property located?
The property is located at 75 Grant Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,000‑square‑foot multifamily property; Eight bedrooms and five bathrooms; Fully occupied
