Property details
About 186 Kensington Ave
Remarkable new construction multifamily opportunity with stunning views of Lincoln Park in the prime location of Jersey City. 186 – 188 Kensington is a Class A, low maintenance, high CAP, fully stabilized/100% leased asset, comprising of 12 condominium quality construction units, on approx. 5,000 SQFT of land ready for its ownership. Elevator, Rooftop, Garage Parking, Sprinkler Systems, Camera Security, Secured key-fob access, Generator, In-unit and On-site Laundry, In-unit Central AC and tankless Hot Water Boilers, Sub-Metered Utilities, European Cabinetry, Samsung Appliances, Quartz Countertops, Hardwood flooring, Private backyards and much more. Location is excellent for NYC commuters. Bus 119 at JFK and Kensington Ave, at a 5-minute walk, takes you directly into NY Port Authority Bus Terminal. Enjoy the ride at Lincoln Park with Citi Bike located around the block. Be a part of the Journal Square community, the fastest redeveloping area with most new development projects planned throughout Jersey City. Asset is currently generating a scheduled gross income of approx. $355,620 including apartments, parking and pet fees, with a pro-forma SGI income of approx. $508,842 in 2026 and 7.21% CAP. Existing maintenance contracts and leases can be transferred. Seller's Current Mortgage rate at 5.63% is assumable, LLC can be transferred or members can be added. Ideal for 1031 exchange or investors looking to invest in turn-key properties with less repair & maintenance, and NO RENT CONTROL. Safer investment in a constantly appreciating market over decades, low risk over hospitality, office or retail, low vacancy. Buy and hold for cash flow and long term appreciation, or sell as individual condos for short term capital gains. New construction condominiums in the area are selling between $550 - $700 per livable square foot.
Highlights
(ACTIVE)
Summary
- Full Bathrooms: 20
- Total Bedroom Count: 20
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached
- Architectural Style: Contemporary, Multi-Level
- Heating: Electric, Natural Gas
- Cooling: Central Air
- List Price: $5,000,000
- Annual Tax Amount: $69,657
- Tax Year: 2024
- MLS Number: 250012189
- MLS Name: HudsonCountyNJ
- Office Name: EXP REALTY LLC
- Office Phone: (866) 201-6210
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 6:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,100,000 | $69,657 |
| 2022 | $1,040,000 | $16,681 |
| 2021 | $1,040,000 | $16,681 |
| 2020 | $890,000 | $- |
History based on county public records data.
Nearby schools
3
Dr. Paul Rafalides School
Public District PK-5
0.5 mi
•362 Union St
5
Julia A. Barnes School
Public District PK-5
0.7 mi
•91 Astor Pl
5
Empowerment Academy Charter School
Public Charter KG-6
0.7 mi
•240 Ege Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,166. Most Jersey City, NJ residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Where do the neighbors shop?
Banana Republic
IKEA
H&M
Where do the neighbors go to eat?
Jack In The Box
Quiznos
Chipotle
What do the neighbors drive?
Toyota
Lexus
Volkswagen
What do the neighbors listen to?
Jazz
Soft Adult Contemporary- Rhythmic Contemporary Hits
Frequently asked questions
About 186 Kensington Ave
The listing price of 186 Kensington Ave property is $5,000,000.
The property 186 Kensington Ave is a multi located in Jersey City, New Jersey, 07306.
Active Listing: 186 Kensington Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 186 Kensington Ave are: Dr. Paul Rafalides School (GreatSchools Rating 3/10), Julia A. Barnes School (GreatSchools Rating 5/10), Empowerment Academy Charter School (GreatSchools Rating 5/10), Learning Community Charter School (GreatSchools Rating 6/10), Dr. Charles P. DeFuccio School (GreatSchools Rating 2/10), Joseph H. Brensinger Elementary School (GreatSchools Rating 4/10), Liberty High School (GreatSchools Rating 7/10), Abraham Lincoln High School (GreatSchools Rating 1/10), Innovation High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $69,657 (source: MLS/based on county public records data).
This home is located at 186 Kensington Ave in Jersey City, NJ and zip code 07306 in the West Side neighborhood. Features: 20 bedrooms, 20 bathrooms. It has been listed on Rocket Homes since June 16, 2025 and is currently priced at $5,000,000.
In June 2025 more than 32 listings in Jersey City, NJ were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 50 were sold below. The number of listings in Jersey City, NJ increased by 11.9% between May and June 2025. Listings spent 34 days on the market in June 2025, and had a median list price of $715,000 during the same period.