Jersey City HAP Portfolio

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Affordable Housing Opportunity

• 60 Units
• 4 Buildings
• 100% Affordable Housing Units
• 6.29% Cap Rate

Building Highlights

• 4 Brick Multifamily Buildings
• 35+ Year Ownership
• Strong mix of one-, two-, and three-bedroom units
• Renovated Units (All units renovated upon turnover)
• 3 boilers replaced within the last year (92, 125, & 127 Summit Ave)
• Roof redone less than 10 years ago at 125-127 Summit Ave
• Tenants pay for heat, hot water, cooking gas, and electric
• Landlord pays for water/sewer and common area electric
• Prime Location in McGinley Square, Jersey City

Convenient Transportation

• The buildings are approximately a 4-minute walk to the Grand St at Garfield Ave bus stop, which provides approximately an 18-minute ride directly to downtown Manhattan via the PATH train.