15 FULTON Ave #2 · Jersey City, NJ
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
- —
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +12.9/15.0
- Cash flow +5.0/30.0
- Condition / age +4.8/5.0
- Livability +3.9/5.0
- Schools +3.1/10.0
- Rent growth +2.9/5.0
- 1% rule +0.8/10.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$625,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this new construction condo duplex offering almost 2000 sqft. of modern living space. The kitchen is a chef's dream, complete with two stoves and sinks. Head upstairs to find five generously sized bedrooms, three full baths, and a large laundry room with sink for added convenience. This home features two primary suites, each with its own private ensuite bath. One of the bedrooms even boasts a private balcony overlooking the backyard. And just when you think it can't get any better... take the stairs up to your private rooftop terrace with seasonal views of the Statue of Liberty! Ideally located in Jersey City, this home offers convenient access to public transportation, NJ Turnpike, I-78, and Liberty State Park.
Key facts
- New construction
- Chef's dream kitchen
- Private balcony
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 5-bed/3.5-bath townhouse listed at $625k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $-1k ($-18k/yr) — negative.
- To cash-flow at today's rent, offer at most $412k (34.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $361k (42.3% below list).
- Recommended offer: $361k (42.3% below list) — sets the bar for 1% rule.
- Cap rate 3.5% vs local median 2.1% in Jersey City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 77/100 on livability (#116 in NJ, #2,955 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
- Jersey City Public Schools (urban): math 16% / reading 38% proficiency, ranked #369 of 472 in NJ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Whitney M. Young Jr. School (math 0% / reading 13%, grade F, #1,288 of 1,303 statewide, top 99%, 655 students, 71% FRL); Academy I (math 60% / reading 76%, grade A-, #14 of 431 statewide, top 3%, 403 students, 46% FRL); Henry Snyder High School (math 4% / reading 31%, grade F, #369 of 399 statewide, top 93%, 849 students, 62% FRL).
- Market conditions: Rents rising (+1.6%/yr); 394 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 89d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 5,310 units permitted in Hudson County in 2024 (4,154 in 5+ unit buildings).
- At $3,606/mo this rent would consume 57% of the median local household income ($77k/yr) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
- Hudson County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 106 days — a 9% lower offer ($569k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 106 days. Have you received any prior offers? Is the seller open to a 42% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.58% ✗
- Cap rate
- 3.47%
- Cash-on-cash
- -10.09%
- DSCR
- 0.55
- GRM
- 14.4
CMA / ARV
- ARV (median comp)
- $710,838
- List price
- $625,000
- Delta
- -12.08%
- Verdict
- UNDERPRICED
- Comps
- 14 within 1.0 mi
Show comp detail 8 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 19 EASTERN Pkwy #1 | 0.23mi | 4/2.5 (-1) | 2,000 (0%) | 3mo | $690,000 | $345 | 78 |
| 206 FULTON Ave #2 | 0.44mi | 5/3.5 | 2,300 (+15%) | 13mo | $650,000 | $283 | 44 |
| 91 PEARSALL Ave Unit A | 0.79mi | 5/3.5 | 2,144 (+7%) | 15mo | $825,000 | $385 | 40 |
| 119 VAN HORNE St Unit A | 1.05mi | 4/3.0 (-1) | 2,200 (+10%) | 7mo | $745,000 | $339 | 36 |
| 222 CLERK St #1 | 0.83mi | 4/2.5 (-1) | 2,100 (+5%) | 17mo | $655,000 | $312 | 33 |
| 98 VAN HORNE St #1 | 1.00mi | 4/3.0 (-1) | 2,200 (+10%) | 12mo | $885,000 | $402 | 31 |
| 169 RANDOLPH Ave #2 | 0.79mi | 4/2.5 (-1) | 2,195 (+10%) | 14mo | $880,000 | $401 | 28 |
| 91 PEARSALL Ave #2 | 0.79mi | 4/2.5 (-1) | 1,664 (-17%) | 14mo | $625,000 | $376 | 19 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 1.61% rent growth · sell at horizon
- IRR
- -36.0%
- Equity multiple
- -0.14×
- Total profit
- $-199,874
- Equity at exit
- $93,190
- IRR
- -59.3%
- Equity multiple
- -0.80×
- Total profit
- $-314,298
- Equity at exit
- $54,039
Cash invested: $175,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (CITY)
- 6 Strongly Tenant-Friendly
- State New Jersey
- 21 Tenant-Leaning · D+6
- County
- — inherits STATE
- City Jersey City
- 6 Strongly Tenant-Friendly · D+34
Active competition Active MLS
- For sale now
- 2 active · 2 under contract
- Months of supply
- 12.0 mo (8%/mo absorbed)
- Median asking
- $699,000 ($383/sqft)
- Median days on market
- 24 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -7.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 07305
- Rents YoY
- 1.6%
- Active inventory
- 394
- Price-to-rent
- 14.4×
Monthly cashflow live
- Estimated rent
- $3,606 high interval (Pro) →
- Mortgage (P&I)
- −$3,278
- Tax est. 1.5%
- −$781 /mo · $9,375/yr
- Insurance
- −$260
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$757
- Net cashflow
- $-1,471
Break-even live
Sensitivity live
| Price | -10% $-1,039 | -5% $-1,255 | +0% $-1,471 | +5% $-1,687 | +10% $-1,903 |
|---|---|---|---|---|---|
| Rent | -10% $-1,756 | -5% $-1,613 | +0% $-1,471 | +5% $-1,328 | +10% $-1,186 |
| Rate | -1.0pp $-1,156 | -0.5pp $-1,312 | base $-1,471 | +0.5pp $-1,633 | +1.0pp $-1,798 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $156,250
- Closing costs
- $18,750
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 21 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 48 Dwight St Unit 2 Jersey City, NJ | 4.0 | 2.0 | 1500 | $2,850 | $1.90 | 18d | 1 | 0.13mi |
| 48 Dwight St Unit 2 Jersey City, NJ | 4.0 | 2.0 | 1500 | $3,100 | $2.07 | 120d | 1 | 0.13mi |
| 43 Stegman St Jersey City, NJ | 4.0 | 3.0 | 1500 | $3,800 | $2.53 | 120d | 1 | 0.14mi |
| 22 Wegman Ct Jersey City, NJ | 4.0 | 1.5 | 2700 | $4,000 | $1.48 | 120d | 1 | 0.18mi |
| 144 Fulton Ave Unit A Jersey City, NJ | 4.0 | 2.5 | 2800 | $3,600 | $1.29 | 117d | 1 | 0.31mi |
| 144 Fulton Ave Unit First Jersey City, NJ | 4.0 | 2.5 | 2800 | $3,350 | $1.20 | 83d | 1 | 0.31mi |
| 190 Dwight St Jersey City, NJ | 4.0 | 2.0 | 1950 | $2,950 | $1.51 | 98d | 1 | 0.39mi |
| 312 Garfield Ave #2 Jersey City, NJ | 4.0 | 2.5 | 2400 | $4,500 | $1.88 | 88d | 1 | 0.57mi |
| 312 Garfield Ave #2 Jersey City, NJ | 4.0 | 2.5 | 2400 | $4,600 | $1.92 | 120d | 1 | 0.57mi |
| 210 Wilkinson Ave Unit B Jersey City, NJ | 4.0 | 1.0 | 1400 | $2,500 | $1.79 | 7d | 1 | 0.59mi |
| 156 Clerk St Apt 2 Jersey City, NJ | 4.0 | 1.0 | 1500 | $2,650 | $1.77 | 10d | 1 | 0.69mi |
| 219 Clerk St #2 Jersey City, NJ | 4.0 | 3.0 | 2300 | $4,100 | $1.78 | 18d | 1 | 0.82mi |
| 124 Winfield Ave Unit 1 Jersey City, NJ | 5.0 | 3.0 | 2000 | $3,350 | $1.68 | 117d | 1 | 0.84mi |
| 124 Winfield Ave Unit 1 Jersey City, NJ | 5.0 | 3.0 | 2000 | $3,300 | $1.65 | 101d | 1 | 0.84mi |
| 396 Cator Ave Unit 1 Jersey City, NJ | 4.0 | 2.5 | 2200 | $3,500 | $1.59 | 120d | 1 | 0.91mi |
| 102 Shearwater Ct E #57 Jersey City, NJ | 4.0 | 3.0 | 3000 | $8,500 | $2.83 | 120d | 1 | 1.09mi |
| 408 W Side Ave Jersey City, NJ | 4.0 | 1.0 | 1850 | $2,450 | $1.32 | 12d | 1 | 1.10mi |
| 408 W Side Ave #2 Jersey City, NJ | 4.0 | 1.0 | 1850 | $2,600 | $1.41 | 50d | 1 | 1.10mi |
| 300 Communipaw Ave Jersey City, NJ | 2.0–4.0 | 2.0 | 1427 | $5,000 | $3.50 | 24d | 3 | 1.29mi |
| 300 Communipaw Ave Jersey City, NJ | 3.0–4.0 | 2.0 | 1427 | $5,000 | $3.50 | 20d | 2 | 1.29mi |
| 29 Belmont Ave #2 Jersey City, NJ | 4.0 | 2.5 | 1500 | $3,900 | $2.60 | 7d | 1 | 1.46mi |
Property features AI
Finance
- Other
- Personal property excluded from sale
- Financial info
- Taxes listed (not included as financial detail in description)
- HOA & community
- Pets allowed
Exterior
- Parking
- No parking
- Security
- Intercom
- Utilities
- Fixtures and appliances included
- Home design
- Property with terrace and private rooftopLot number 28
- Construction
- Aluminum/vinyl and brick construction
- Exterior features
- Aluminum/vinyl and brick exteriorPrivate rooftopTerraceNear shopping, bus, parks, and schoolsNew York view
Interior
- Kitchen
- Single kitchenIncludes dishwasher, microwave, refrigerator, gas oven/range
- Bedrooms
- 5 bedrooms
- Flooring
- Hardwood floors
- Bathrooms
- 4 bathrooms (3 full, 1 half)
- Heating & cooling
- Central air conditioningHot air heating
- Interior features
- DishwasherMicrowaveRefrigeratorWasher/DryerGas oven/rangeCentral A/CHot air heatingIntercomTerraceHardwood floorPrivate rooftop
- Laundry & utility
- Washer and dryer included
Listing history 50 events
-
2026-09-23days on market $625,000 Active 106 DOM
-
2026-09-22days on market $625,000 Active 105 DOM
-
2026-09-21days on market $625,000 Active 104 DOM
-
2026-09-20days on market $625,000 Active 103 DOM
-
2026-09-19days on market $625,000 Active 102 DOM
-
2026-09-18days on market $625,000 Active 101 DOM
-
2026-09-17days on market $625,000 Active 100 DOM
-
2026-09-16days on market $625,000 Active 99 DOM
-
2026-09-15days on market $625,000 Active 98 DOM
-
2026-09-14days on market $625,000 Active 97 DOM
-
2026-09-13days on market $625,000 Active 96 DOM
-
2026-09-12days on market $625,000 Active 95 DOM
-
2026-09-11days on market $625,000 Active 94 DOM
-
2026-09-05days on market $625,000 Active 88 DOM
-
2026-09-04days on market $625,000 Active 87 DOM
-
2026-09-02days on market $625,000 Active 85 DOM
-
2026-08-31days on market $625,000 Active 83 DOM
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2026-08-29days on market $625,000 Active 81 DOM
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2026-08-28days on market $625,000 Active 80 DOM
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2026-08-27days on market $625,000 Active 79 DOM
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2026-08-26days on market $625,000 Active 78 DOM
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2026-08-25days on market $625,000 Active 77 DOM
-
2026-08-24days on market $625,000 Active 76 DOM
-
2026-08-23days on market $625,000 Active 75 DOM
-
2026-08-22days on market $625,000 Active 74 DOM
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2026-08-21days on market $625,000 Active 73 DOM
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2026-08-20days on market $625,000 Active 72 DOM
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2026-08-19days on market $625,000 Active 71 DOM
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2026-08-18days on market $625,000 Active 70 DOM
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2026-08-17days on market $625,000 Active 69 DOM
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2026-08-16days on market $625,000 Active 68 DOM
-
2026-08-15days on market $625,000 Active 67 DOM
-
2026-08-14days on market $625,000 Active 66 DOM
-
2026-08-13days on market $625,000 Active 65 DOM
-
2026-08-12days on market $625,000 Active 64 DOM
-
2026-08-11days on market $625,000 Active 63 DOM
-
2026-08-10days on market $625,000 Active 62 DOM
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2026-08-09days on market $625,000 Active 61 DOM
-
2026-08-08days on market $625,000 Active 60 DOM
-
2026-08-06days on market $625,000 Active 58 DOM
-
2026-08-05pricedays on market $625,000 Active 57 DOM
-
2026-08-04days on market $635,000 Active 56 DOM
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2026-08-03days on market $635,000 Active 55 DOM
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2026-07-31days on market $635,000 Active 52 DOM
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2026-07-28days on market $635,000 Active 49 DOM
-
2026-07-26days on market $635,000 Active 47 DOM
-
2026-07-24days on market $635,000 Active 45 DOM
-
2026-07-23days on market $635,000 Active 44 DOM
-
2026-07-22days on market $635,000 Active 43 DOM
-
2026-07-21days on market $635,000 Active 42 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $43,267
- − Mortgage interest
- −$35,010
- − Property taxes
- −$9,375
- − Insurance
- −$3,125
- − Repairs & maintenance
- −$3,461
- − Management
- −$3,461
- − Depreciation
- −$18,182
- Taxable loss
- −$29,347
- Est. tax savings @ 24.0%
- +$7,043
- After-tax cash flow
- $-10,607/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
This modern, move-in-ready multi-family home offers spacious living areas, a chef's kitchen, and five bedrooms with en-suite bathrooms. The location and condition make it an excellent investment.
Value-add opportunities
- Resale Kitchen appliances — Upgrading to high-end appliances would enhance the kitchen's appeal ↑
- Both Landscaping — Enhanced curb appeal and increased property value ↑
- Both Window treatments — Improved privacy and aesthetic appeal ↑
Zoned Schools
Schools (NCES district)
- District
- Jersey City Public Schools
- NCES district ID
- 3407830
- Math proficiency
- 16% ▼ -17.00%
- Reading proficiency
- 38% ▼ -11.00%
- Median HH income
- $58,431
- Composite
- 24.43/100
- National rank
- #7678
- State rank
- #369 of 472 in NJ
Livability — Jersey City
- Score
- 77/100
- State rank
- #116
- US rank
- #2955
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Jersey City, NJ
- County
- Hudson County · 771,834 people
- City population
- 294,078
- Metro
- New York-Newark-Jersey City, NY-NJ-PA
- Population (ZIP)
- 72,161
- Household income
- $76,527
- Rent vs Own
- Severe rent burden
- 10% of renters
Population outlook (Hudson County) Hauer SSP2
- Today (2025)
- 771,834 people
- By 2030
- 818,028 · +6.0%
- By 2040
- 907,866 · +17.6%
- By 2050
- 994,480 · +28.8%
- By 2075
- 1,163,301 · +50.7%
- By 2100
- 1,254,703 · +62.6%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Highly diverse neighborhood (Simpson 0.73)
- Race & ethnicity
- Black 40% Hispanic / Latino 27% Asian 15% Two or more races 13% White 12%
- Hispanic origin (detail)
- Puerto Rican 11% Dominican 9%
- Common ancestry
- Swedish 1% Hispanic 1% Romanian 1%
- Foreign-born
- 33% · Canada, China, Jamaica
- Languages at home
- 58% English-only · Spanish 21% Tagalog/Filipino 7% Arabic 3%
Political lean MEDSL · Hudson
- 2024 margin
- Strong D (+28.1) · D 62.6% · R 34.6% · Other 2.8%
- 2008→2024 swing
- -18.7pp toward R · 2008: 46.7pp · 2024: 28.1pp
- All cycles
- 2024: D+28.1 2020: D+46.2 2016: D+51.8 2012: D+55.7 2008: D+46.7
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -181.89%
- Current HPI
- 299.991
- Rent YoY
- ▲ 1.61%
- Metro
- New York-Newark-Jersey City, NY-NJ-PA
- State GDP YoY
- ▲ 2.05%
- F500 in state
- 34
Industry mix (Fortune 500 HQ in NJ)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Consumer Goods | 3 | $31B |
|
||
| Pharmaceuticals | 2 | $153B |
|
||
| Technology | 2 | $21B |
|
||
| Insurance | 2 | $20B |
|
||
| Healthcare | 2 | $19B |
|
||
| Financial Services | 1 | $70B |
|
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Price history
+16182.1% since first listed5 events — show timeline
- 2026-07-08 Price Changed $635,000 HCMLS
- 2026-06-09 Listed $645,000 GSMLS
- 2026-06-09 Listed $645,000 HCMLS
- 2025-04-29 Rental Removed $3,900 HCMLS
- 2025-04-08 Listed for Rent $3,900 HCMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…