747 Grand St Jersey City, NJ 07304

This exceptional 36-unit apartment building, constructed in 2017, presents a compelling investment opportunity in Jersey City, NJ. Located at 747 Grand St, this five-story building boasts a desirable mix of one- and two-bedroom luxury units (78% are two-bedroom), each featuring modern amenities such as hardwood floors, in-unit laundry, and stainless steel appliances. The property includes 29 covered parking spaces, a stylish entrance foyer, and elevator access. With a current NOI of $814,295 and a pro-forma NOI of $960,664, the building offers a 5.71% cap rate and a pro-forma cap rate of 6.74%. The asking price is $14,250,000, translating to $395,833 per unit. Its prime location directly across from Arlington Park and a short 7-minute walk from the Garfield Light Rail Station provides convenient access to PATH stations, Liberty State Park, and major employers like Imperial Dade, Jersey City Medical Center, Lowe's, and The Home Depot. Nearby amenities include Berry Lane Park with its diverse recreational facilities. A 23-minute train ride to NYC adds to its appeal. This property offers a strong combination of location, modern amenities, and solid financial performance, making it an attractive investment.