CAP Rates for Apartment/Multifamily Properties in Jersey City

In summary, investing with a long-term hold strategy seems prudent today. With an abundance of new units coming on the market, rental increases being … See more

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100 Lincoln St, Jersey City, NJ 07307 - Multifamily For Sale - LoopNet

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2 days ago · 21 Unit Apartment Building $2,345,000 ($111,667/Unit) 6.01% Cap Rate Jersey City, NJ 07307. Apartment Buildings New Jersey Jersey City 100 Lincoln St, Jersey City, ... The …

loopnet.com

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Could Broker Fees Be Capped For NJ Renters To Stem Costs?

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Sep 9, 2022 · This summer, the New York Post and New York news startup Hellgate published reports of egregious broker fees — such as $10,000 and $20,000 fees for rent-stabilized …

usatoday.com

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Commercial Property Information

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This property last sold in 2022. View On CompStak. 15400 West 44th Avenue Commercial Sales Comps: Recorded Buyer. MITRI HOLDINGS LLC. Transaction Size: SQFT; Sale Price: $1M …

compstak.com

FAQs about CAP Rates for Apartment/Multifamily Properties in Jersey City Coupon?

How much does an apartment rent in Jersey City cost?

As of December, 2014, the average apartment rent within a distance of 10 miles of Jersey City is $1942. The average rent for a one bedroom apartment in Jersey City is $1707, and the average rent for a two bedroom apartment in Jersey City is $2381. For the prior six months, the average apartment rent in Jersey City has increased $65.50 or 3%. ...

What is an apartment community in Jersey City NJ?

Apartment Communities are professionally managed properties that typically have extra amenities and at least 25 units. Loading... Loading... to get email alerts when listings hit the market. Find your next apartment in Jersey City NJ on Zillow. Use our detailed filters to find the perfect place, then get in touch with the property manager. ...

How much does a multifamily home cost in Jersey City?

As of 2015, February 15, for Jersey City, $245,667.59 is the median per unit multifamily sales price. This is a gain of 2.9% compared to the past 3 months and an increase of 7.7% when you compare it to last year’s prices. ...

What is a good cap rate for a multifamily home?

It’s hard to believe but according to Freddie Mac, multifamily cap rates averaged 9.5% back then, and interest rates, 7.6%. Today that formula has been inverted with cap rates averaging 5.25% and mortgage rates over 6.00%. Now investors have to put more like 45% down to earn less than a 4% cash on cash return. Ouch! ...

What is a 9% cap on a multifamily investment?

A 9 percent annual return on investment for a multifamily property is referred to as a 9 cap. For instance, if the net operating income of the property is $180,000 annually, then it is a 9 cap investment. This is calculated as $180,000/$2,000,000 X 100 = 9 percent. ...

Who pays the most property taxes in New Jersey?

In the perennial battle for dubious bragging rights of who pays the most taxes in New Jersey, there is a new king of the hill in the Jersey Shore division. Mantoloking grabbed the honors with the highest average annual property tax in Monmouth and Ocean counties, taking over a spot previously held by Rumson. ...