85 Zabriskie St

Exceptional 8-unit multifamily investment opportunity in the highly sought-after Jersey City Heights section. This income-producing asset features eight residential units with strong in-place cash flow and significant upside potential. Several units are currently rented below market, creating a compelling value-add opportunity for investors seeking to increase revenue through strategic renovations and rent optimization. Current annual gross income is approximately $169,700 with a current NOI of approximately $129,272. Pro forma projections indicate the potential to increase annual gross income to approximately $225,900 and NOI to approximately $185,471 upon renovation and stabilization. Projected cap rate of approximately 6.18%. Ideally located near public transportation, shopping, restaurants, parks, and major commuter routes, providing strong tenant demand and long-term appreciation potential. Whether you're looking to expand your portfolio or acquire a value-add multifamily asset in one of Hudson County’s most desirable rental markets, this property offers an outstanding opportunity. Financial information is deemed reliable but not guaranteed. Buyers are encouraged to perform their own due diligence.