Two-Story Residential Income
For Sale
$720,000
99 Randolph Ave 2, Jersey City, NJ 07305
Two-story residential property with a partially finished walk-out lower level and on-street parking.
Property Size2,136 SF
Price / SF$337.08
Days on Market535
Property Features for 99 Randolph Ave 2
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Residential Income
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$7,210
Amenities
Ceiling Fan(s)
Baseboard, Electric, Natural Gas, Space Heater
Full, Partially Finished, Walk-Out Access
Gas Water Heater
On Street
Barbecue
2-Two Story
Building Details
Building Size
2,136 SF
Year Built
1950
Stories
2
Listing Agency:
ARC REAL ESTATE
Listed By:
ANITA CRIGHT-HARVEY
(732) 322-4618
Source:
Evrealestate
Added: May 15, 2025
Changed: Oct 25
Last Checked: Oct 30 at 2:28PM
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 ARC REAL ESTATE
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Investment Insights
Based on property information with market context.
This two-story residential income property was built in 1950 and has a reported property size of 2,136. Interior features include ceiling fans, baseboard heating, electric and natural gas service, a space heater, and a gas water heater. The lower level is partially finished and provides walk-out access.
The property is zoned RESIDENTIAL and located at 99 Randolph Ave 2 in Jersey City, New Jersey. Exterior features include on-street parking and a barbecue area. Access from Interstate 78 is described via exit 7B, followed by Garfield, Claremont, and Randolph.
The property is zoned RESIDENTIAL and located at 99 Randolph Ave 2 in Jersey City, New Jersey. Exterior features include on-street parking and a barbecue area. Access from Interstate 78 is described via exit 7B, followed by Garfield, Claremont, and Randolph.
Key Highlights
- 2,136 reported property size
- Two‑story construction with 1950 year built
- Partially finished lower level with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,484
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,680
$869.7K
Cap Rate 7%
$621,200
$621.2K
Cap Rate 9%
$483,156
$483.2K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$83.0K $38.88/SF
− Vacancy
−$4.0K −$1.87/SF
EGI
$79.1K $37.01/SF
− OpEx
−$35.6K −$16.66/SF
NOI
$43.5K $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%
$869,680
Cap Rate 7%
$621,200
Cap Rate 9%
$483,156
Alternative Uses
Best Use
Apartment 5plus
$621.2K
$543.6K – $724.7K
NOI $43,484 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$692.5K
$606.0K – $808.0K
NOI $48,477 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-story residential property with a partially finished walk-out lower level and on-street parking.
Where is this residential income property located?
The property is located at 99 Randolph Ave 2 Jersey City, NJ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 2,136 reported property size; Two‑story construction with 1950 year built; Partially finished lower level with walk‑out access
