77-79 Sherman Ave Immeuble residentiel 10 lots 1 420 749 € (142 075 €/Lot) Taux de capitalisation 6,17 % Jersey City, NJ 07307

77-79 Sherman Avenue | Jersey City, NJ
Excellent opportunity to acquire a 10-unit multifamily investment property in the heart of Jersey City. Situated on a sizable 35' x 86' lot, this well-performing asset offers strong in-place cash flow with additional long-term upside in one of Hudson County’s most active rental markets.
The property features a desirable and diversified unit mix consisting of 3 studios, 6 one-bedroom apartments, and 1 two-bedroom apartment. Current monthly rents total approximately $12,703, generating approximately $152,436 in annual gross operating income with a strong $101,886 NOI and an efficient 33.2% operating expense ratio.
With established rental income, consistent occupancy, and opportunities to further enhance returns through future rent growth and strategic management, 77-79 Sherman Avenue presents an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation.
Ideally located with convenient access to NYC transportation, shopping, dining, neighborhood amenities, and major employment centers, this property offers a compelling combination of location, income, scale, and future upside in the Jersey City multifamily market.