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92-94 & 123-129 Summit Avenue
Jersey City, NJ 07304
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
Portfolio of 2 For Sale | 92-94 & 123-129 Summit Avenue <ul><li>HUD project-based Section 8 contract renewed for next 5 years starting 9/1/26</li><li>Annual OCAF and/or mark to market rental increases.</li><li>Current ownership has maintained property for over 30 years.</li><li>Always 100% occupied</li><li>Located in the Bergen Hill/McGinley Square neighborhood just north of downtown Jersey City</li><li>Extremely well located in Jersey City and only minutes to New York City by car or train</li><li>Approximately 1 mile from Journal Square PATH
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
