Technical
Financial
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Property profile

233 Summit Ave Jersey City, NJ 07304

OFF-MARKET
Multifamily properties
2,832 SF 0.09 ac lot Built 1884
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Property summary

AI-generated overview

A renovated Bergen Hill brownstone configured as a legal 3-family property in Jersey City. It sits on an oversized 19-by-193 lot and includes parking for five vehicles. The building contains three updated units with hardwood floors, kitchens featuring stainless steel appliances, and granite countertops; units 2 and 3 are 2-bedroom apartments with central heat, and units 1 and 3 also include in-unit washer/dryer. The lower duplex is a 3-bedroom, 2-bath unit with a private backyard and expansion potential. The property is located near Journal Square and provides quick access to the Journal Square PATH station, and it offers the flexibility to remain a multi-family investment configuration or be converted to a 1-family residence or owner-occupied multi-family use.

Property profile

Verified
Property type Multifamily properties
Year built 1884
Total area 2,832 SF
Lot 0.09 ac (3,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

233 Summit Ave Jersey City, NJ 07304
Jersey City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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