HUD-Assisted Multifamily
92-94 & 123-129 Summit Avenue Jersey City, NJ 07304
For Sale
Contact for pricing
Portfolio includes 60 HUD residential units with a renewed project-based Section 8 contract for the next five years.
Days on Market73
Property Features for 92-94 & 123-129 Summit Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
The Kislak Company
(732) 865-3777
Listed By:
Don Baxter
(732) 865-3777
Source:
Kislakrealty
Added: May 14
Changed: Jul 23
Last Checked: Jul 24 at 5:53AM
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 The Kislak Company
Investment Insights
Based on property information with market context.
The portfolio consists of 60 HUD residential units. The property has a project-based Section 8 contract that has been renewed for the next five years, starting 9/1/26, with annual OCAF and/or potential mark-to-market rental increases. Current ownership has maintained the property for more than 30 years, and the units are stated to be 100% occupied.
Located in the Bergen Hill/McGinley Square area just north of downtown Jersey City, the asset provides convenient access to New York City via car or train. The property is approximately 1 mile from Journal Square PATH, which provides direct service to New York City. It also offers convenient access to NJ Transit bus lines along Summit Ave, with access to both New York City and New Jersey.
The offering is close to Route 139 and major crossings including I-78, the Holland Tunnel, and the Lincoln Tunnel, supporting regional commuter travel. The location is also described as near Liberty State Park and the Jersey City waterfront with views of New York City, as well as near Saint Peter’s University, Hudson County Community College, and NJCU, with walkable neighborhood retail, dining, and everyday services.
Located in the Bergen Hill/McGinley Square area just north of downtown Jersey City, the asset provides convenient access to New York City via car or train. The property is approximately 1 mile from Journal Square PATH, which provides direct service to New York City. It also offers convenient access to NJ Transit bus lines along Summit Ave, with access to both New York City and New Jersey.
The offering is close to Route 139 and major crossings including I-78, the Holland Tunnel, and the Lincoln Tunnel, supporting regional commuter travel. The location is also described as near Liberty State Park and the Jersey City waterfront with views of New York City, as well as near Saint Peter’s University, Hudson County Community College, and NJCU, with walkable neighborhood retail, dining, and everyday services.
Key Highlights
- Portfolio of 60 HUD residential units
- Project‑based Section 8 contract renewed for the next 5 years starting 9/1/26
- Annual OCAF and/or mark‑to‑market rental increases (per contract renewal)
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Portfolio includes 60 HUD residential units with a renewed project-based Section 8 contract for the next five years.
Where is this apartment building located?
The property is located at 92-94 & 123-129 Summit Avenue Jersey City, NJ.
What are key features of this property?
This property features: Portfolio of 60 HUD residential units; Project‑based Section 8 contract renewed for the next 5 years starting 9/1/26; Annual OCAF and/or mark‑to‑market rental increases (per contract renewal)
