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995 Summit Ave Immeuble residentiel 24 lots 3 882 915 € (161 788 €/Lot) Taux de capitalisation 5,14 % Jersey City, NJ 07307
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Brick Corner Property w/ 37% Upside In Rents
- 75% of Building Ready for Repositioning
- 4% Increases Approved from Rent Leveling Board to Take Effect 2026
Résumé analytique
Grid Real Estate, LLC has been exclusively retrained to manage the sale of 995 Summit Ave (aka 168 Bowers St), Jersey City NJ 07307 a prime multi family investment opportunity located in the heart of The Heights Neighborhood in the northern Section of the city. The property offers 14,252 gross square feet across the four story walk up. This building does not have an elevator. Situated just West of Central Avenue, a commercial corridor with over 240 businesses the asset is positioned on the corner with 100’ frontage on Bowers St and 50’ frontage on Summit Ave. The building is under rent control which impacts all buildings over 5+ units and results in an annual rent increases being capped at 4% or the change in Consumer Price Index (CPI) whichever is lower.
The current residential unit mix consists of (1) three bedroom, (3) two bedroom, (19) one bedroom and (1) studio. Roughly 25% of the building has been renovated and have achieved market rents while the remainder of the building sits with legacy tenancy and the opportunity to execute a value add business plan to achieve up to 37% upside in rents. The building was constructed in 1937 in the peak of art deco architecture and boasts an ornamental brick corbeling pm the parapet, entryway and common area mosaic tile floors and crown moldings throughout. Sitting on the corner of Summit Ave the property is drenched in all day sunlight.
The building is positioned approximately 1.3 miles (25 minute walk) to Journal Square Transportation hub which provides access directly into 33rd St / Penn Station or World Trade Center as well as direct access to Newark and Harrison respectively. Similarly the building is approximately 0.7 miles from the 9th St/Congress Street Hudson Bergen Light Rail station which brings you to Hoboken Terminal, Newport, Exchange place and more.
Value Add Opportunity:
• 4% Rental Increases Approved Building Wide By City (2026)
• 24 Units
• Total Building Area: 14,252SF
• 37% Upside in rents
• Average Rent : $1,311
• Market Rent: $2,000
• Cap Rate: 5.25%
• Unit Mix: (1) 3 Bed (3) 2 Bed (19) 1 Bed (1) Studio
Building Highlights:
• Brand New Boiler (2023)
• Corner Property Art Deco Architecture
• Mosaic Tile Common Areas
• New Electrical Meters
• 25% Of Units Renovated
• Transit Oriented
• Tenant Pays Cooking Gas and Electric
• Landlord Pay Heat and Hot Water
The current residential unit mix consists of (1) three bedroom, (3) two bedroom, (19) one bedroom and (1) studio. Roughly 25% of the building has been renovated and have achieved market rents while the remainder of the building sits with legacy tenancy and the opportunity to execute a value add business plan to achieve up to 37% upside in rents. The building was constructed in 1937 in the peak of art deco architecture and boasts an ornamental brick corbeling pm the parapet, entryway and common area mosaic tile floors and crown moldings throughout. Sitting on the corner of Summit Ave the property is drenched in all day sunlight.
The building is positioned approximately 1.3 miles (25 minute walk) to Journal Square Transportation hub which provides access directly into 33rd St / Penn Station or World Trade Center as well as direct access to Newark and Harrison respectively. Similarly the building is approximately 0.7 miles from the 9th St/Congress Street Hudson Bergen Light Rail station which brings you to Hoboken Terminal, Newport, Exchange place and more.
Value Add Opportunity:
• 4% Rental Increases Approved Building Wide By City (2026)
• 24 Units
• Total Building Area: 14,252SF
• 37% Upside in rents
• Average Rent : $1,311
• Market Rent: $2,000
• Cap Rate: 5.25%
• Unit Mix: (1) 3 Bed (3) 2 Bed (19) 1 Bed (1) Studio
Building Highlights:
• Brand New Boiler (2023)
• Corner Property Art Deco Architecture
• Mosaic Tile Common Areas
• New Electrical Meters
• 25% Of Units Renovated
• Transit Oriented
• Tenant Pays Cooking Gas and Electric
• Landlord Pay Heat and Hot Water
Bilan financier (Réel - 2026) Cliquez ici pour accéder à |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à la vacance |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Frais d’exploitation |
$99,999
|
$9.99
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2026) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Perte due à la vacance | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Frais d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
Informations sur l’immeuble
| Prix | 3 882 915 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 161 788 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,04 ha |
| Taux de capitalisation | 5,14 % | Surface de l’immeuble | 1 324 m² |
| Nb de lots | 24 | Occupation moyenne | 100% |
| Type de bien | Immeuble residentiel | Nb d’étages | 4 |
| Sous-type de bien | Appartement | Année de construction | 1937 |
| Prix | 3 882 915 € |
| Prix par lot | 161 788 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,14 % |
| Nb de lots | 24 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,04 ha |
| Surface de l’immeuble | 1 324 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 4 |
| Année de construction | 1937 |
Caractéristiques
Caractéristiques du lot
- Chauffage
- Sols carrelés
- Planchers en bois
- Baignoire/Douche
- Vues
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- Property Manager sur place
- CVC contrôlé par l’occupant
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Taxes foncières
| Numéro de parcelle | 06-02704-0000-00023 | Évaluation totale | 2 331 043 € (2025) |
| Évaluation du terrain | 931 900 € (2025) | Impôts annuels | -1 € (0,00 €/m²) |
| Évaluation des aménagements | 1 399 144 € (2025) | Année d’imposition | 2026 |
Taxes foncières
Numéro de parcelle
06-02704-0000-00023
Évaluation du terrain
931 900 € (2025)
Évaluation des aménagements
1 399 144 € (2025)
Évaluation totale
2 331 043 € (2025)
Impôts annuels
-1 € (0,00 €/m²)
Année d’imposition
2026
1 sur 13
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
995 Summit Ave
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