Six-Unit Apartment
9 Sanford Pl Jersey City, NJ 07307
9 Sanford Pl, Jersey City, NJ, 07307
$2,300,000
For Sale
$2,300,000
Well-maintained six-unit multifamily property with income-producing residential units.
Property Size3,656 SF
Price / SF$629.10
Days on Market70
Property Features for 9 Sanford Pl
General Information
- Standard status
- Active
- Size
- 3,656 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
PRO REALTY LLC.
(973) 826-9733
Listed by
CLAUDIA MOLINA
Source
Corcoran
Added: May 14 Updated: Jul 21 at 11:43PM Checked: Jul 21 at 11:43PM
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 PRO REALTY LLC.
Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment building offers a straightforward residential income configuration for an owner-operator or investor. The property’s multifamily setup consists of six separate units within the existing improvements.
The building is located at 9 Sanford Pl in Jersey City, NJ 07307.
At a reported 3,656 square feet, the property provides a compact footprint for a portfolio addition or a focused small multifamily strategy.
The building is located at 9 Sanford Pl in Jersey City, NJ 07307.
At a reported 3,656 square feet, the property provides a compact footprint for a portfolio addition or a focused small multifamily strategy.
Key Highlights
- 6‑unit multifamily property with income‑producing residential units
- Well‑maintained building
- Built in 1910
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 | $142.1k | $38.88 |
| − Vacancy | −$6.8k | −$1.87 |
| EGI | $135.3k | $37.01 |
| − OpEx | −$60.9k | −$16.66 |
| NOI | $74.4k | $20.36 |
3,656 SF · lease $38.88/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$930.3K – $1.24M
NOI $74,427 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,973 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained six-unit multifamily property with income-producing residential units.
Where is this apartment building located?
The property is located at 9 Sanford Pl Jersey City, NJ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6‑unit multifamily property with income‑producing residential units; Well‑maintained building; Built in 1910
