344 Communipaw AveJersey City, NJ 07304

This exceptional Jersey City investment opportunity presents two buildings totaling 10,519 square feet on a 0.105-acre lot. The property consists of eight units: six residential and two commercial spaces, offering diverse income streams. 342 Communipaw Ave, a newly constructed (2024) four-story building, features three 3-bedroom apartments (1,275 sq ft each) and a 1,350 sq ft commercial space with an additional 264 sq ft of outdoor area. 344 Communipaw Ave, a four-story building with a 2021 gut renovation, includes three 3-bedroom apartments and a 1,300 sq ft commercial space plus 840 sq ft of outdoor space. The combined annual rent is projected at $376,800, generating a substantial net operating income (NOI) of $303,603 and a 6.07% cap rate. Located in a MU-A zoned area within an Opportunity Zone, this property offers significant upside potential. The asking price is $5,000,000. Individual building sales may be considered. This prime location in Jersey City provides easy access to major transportation hubs and amenities. The property's strong economic fundamentals and rapidly growing market make it an attractive investment for both owner-users and investors seeking diverse revenue streams. Detailed financial projections are available upon request.