9-Unit Value-Add Multifamily Investment

Prominent Properties Commercial is pleased to present the exclusive opportunity to acquire 934 Pavonia Avenue, a well-positioned nine (9) unit multifamily property located in the highly sought-after Journal Square / Marion Section of Jersey City, New Jersey. This three-story asset offers investors a compelling blend of in-place cash flow and value-add upside, making it an ideal acquisition for both private and institutional buyers seeking long-term growth within one of Northern New Jersey’s most dynamic rental markets. The property consists of nine residential units, of which five (5) units have been renovated, featuring updated interiors that command strong market rents. The remaining four (4) units present a clear value-add opportunity, allowing a new owner to implement a strategic renovation program to significantly increase rental income and overall asset value. Strategically located just minutes from Journal Square PATH Station, the property benefits from direct connectivity to New York City, positioning it as an attractive option for commuters. The surrounding neighborhood continues to experience rapid development, supported by ongoing residential and mixed-use projects, further enhancing rental demand and long-term appreciation potential. The offering represents an opportunity to acquire a stabilized yet under-optimized asset in a high-growth urban submarket, where investors can capitalize on strong rental fundamentals, limited vacancy exposure, and the ability to drive NOI through targeted capital improvements. 934 Pavonia Avenue presents a rare opportunity to invest in a core-plus multifamily asset with both immediate income and significant upside in one of the most desirable rental corridors in the New York Metropolitan Area.