Property Description

This is a rare opportunity to acquire a fully gut-renovated 10-unit multifamily building at 208 15th St in the highly sought-after Downtown Jersey City market. This turnkey investment combines modern luxury, strong tenant demand, and long-term value, making it ideal for both experienced investors and those entering this high-growth market. The building has been completely transformed, featuring an elegant, welcoming lobby with large mirrors that set the tone for the upscale residences. All ten units have been renovated to high standards and include gourmet kitchens with new stainless steel appliances, premium countertops, and custom cabinetry. Bathrooms feature sleek, modern finishes, and every unit offers in-unit washer/dryer, hardwood floors, and thoughtful design throughout. Select first-floor units include private backyard access, a highly desirable feature for tenants. The unit mix supports a diverse and stable tenant base. Located near Hamilton Park and Newport, the property offers excellent access to the PATH, Holland Tunnel, and a wide array of dining, shopping, and entertainment options. This asset offers strong rental income, long-term appreciation, and an attractive exit strategy, including potential condo conversion. A fully modernized, professionally managed building in a premier Jersey City location.

Property Features