Professional grm calculator optimized for multifamily properties in Jersey City. Local market data shows 5.8% average cap rates and $625,000 median property values.
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The Jersey City, NJ multifamily real estate market offers unique investment opportunities. With a median home price of $625,000 and average cap rates of 5.8%,multifamily properties in this market present a stable investment profile.
Current market conditions show properties averaging 42 days on market, with year-over-year appreciation of 4.2%. Average cash-on-cash returns for multifamily investments in Jersey City are approximately 9.2%.