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    2767 John F Kennedy Blvd Jersey City, NJ 07306

    Sponsored
    For Sale
    $1,200,000

    High-Yield Rooming House, PATH Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Jersey City investment opportunity presents a two-story commercial building with a third-floor apartment, situated at 2767 John F Kennedy Boulevard, 07306. The property, totaling 0.057 acres, is zoned for commercial use and currently operates as a licensed rooming house. The building features two offices on the first floor, generating a portion of the current income stream. The second floor comprises five furnished rooms, two of which share a common area, contributing to the substantial monthly rental income. A one-bedroom apartment occupies the entire third floor. All current rental units are month-to-month, offering immediate flexibility for the new owner. The property boasts a current monthly rental income of $4,080 (excluding one office), presenting a strong potential for increased revenue through lease agreements and market-rate adjustments. Conveniently located with easy access to the PATH train and local bus routes, this property offers exceptional accessibility and high tenant demand. The building's current configuration, combined with its prime location and existing income stream, makes it an attractive investment opportunity in the thriving Jersey City market. The asking price is $1,200,000. The property has no existing leases. This is a licensed rooming house in New Jersey.

    Property Features for 2767 John F Kennedy Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0711359
    Latitude
    40.7329808

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Rooming House, PATH Access
    Where is this multifamily property located?
    The property is located at 2767 John F Kennedy Blvd Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    2767 John F Kennedy Blvd Jersey City, NJ 07306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2767 John F Kennedy Blvd Jersey City, NJ 07306
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