Updated Jan 22, 2026
Marcus & Millichap Sells 21-Unit Multifamily Building In Jersey City For $4.1M
3405 John F. Kennedy Boulevard
$4,100,000
Units
21
Asset Type
MultiFamily
Closing
Jan 21, 2026
About this deal
AI
A 21-unit, four-story apartment building located at 3405 John F. Kennedy Boulevard in Jersey City’s Heights neighborhood has been sold for $4.1 million. The property, built in 1920, is considered a value-add asset and drew significant interest from investors due to its vacant units, potential for rental upside, and redevelopment momentum in the Heights and nearby Journal Square.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 21
- Price Per Unit: $195,238
- Broker: Jonathan Zamora - Marcus & Millichap
- Market: Jersey City
- Date of Sale: 01/21/2026
Jonathan Zamora from Marcus & Millichap was responsible for marketing the asset and successfully sourcing a local private buyer, concluding a deal after more than 30 years of family ownership of the property.
On the Map
$4,100,000
MultiFamily
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Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93