New Jersey Multifamily Buyer
Sell Your Commercial Property In New Jersey
Sitting between New York City and Philadelphia, New Jersey offers dense, transit-served rental markets with deep demand — and a regulatory environment that rewards local expertise.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Key Metros
Multifamily Markets In New Jersey
Every City We Cover
Browse New Jersey By County
Local Market Data
New Jersey Apartment Market
Figures gathered October 2026 from public market data.
Owners who want to sell commercial property in New Jersey are priced against a $1,720 statewide median gross rent and a 3.5% rental vacancy rate, per the Census Bureau's 2020-2024 American Community Survey. Renters occupy 36.2% of New Jersey's 3,507,701 occupied homes, and 21.8% of the state's 3,791,354 housing units sit in buildings of five or more units.
Those statewide figures mask sharp differences by county. Hudson County's renter share reaches 69.3%, more than triple Ocean County's 19.3%, while rents range from $1,282 in Cumberland County to $1,914 in Bergen County. Below, New Jersey's rent trends, county-by-county figures and landlord and tax rules sit together, so an owner can see how a buyer will read a building before any offer arrives.
Renter household growth
New Jersey gained 100,939 renter households between the 2015-2019 and 2020-2024 ACS periods, an 8.6% increase, per Census table B25003.Larger-building stock
Units in New Jersey buildings with five or more units rose 11.2% to 826,671 between the two ACS periods, per Census table B25024.Household income gains
New Jersey median household income rose 25.5%, from $82,545 to $103,556, between the 2015-2019 and 2020-2024 ACS periods, per table B19013.The New Jersey rental market at a glance
New Jersey had 1,268,573 renter households in the Census Bureau's 2020-2024 American Community Survey, 36.2% of 3,507,701 occupied homes. Owners hold the other 63.8%. Larger buildings are a meaningful share of stock: 826,671 New Jersey housing units, 21.8% of the total, sit in buildings of five or more units, per ACS table B25024.
New Jersey rental vacancy was 3.5% in the 2020-2024 DP04 housing profile, a tight market by national standards. Statewide median household income was $103,556, so the $1,720 median gross rent equals about 19.9% of a typical household's gross annual income. Renters feel more pressure than that average suggests: 51.6% of New Jersey renter households paid 30% or more of income on rent, per ACS table B25070.
Five-year trends in New Jersey
New Jersey median gross rent rose 28.9% between the 2015-2019 and 2020-2024 ACS periods, from $1,334 to $1,720 a month. Median household income grew 25.5% over the same span, from $82,545 to $103,556. Rent growth outran income growth by 3.4 percentage points statewide.
New Jersey added 100,939 renter households between the two periods, an 8.6% gain. Units in five-plus buildings rose 11.2%, adding 83,478 units statewide. Growth was uneven across the state: Hudson County posts the highest renter share of the ten counties compared here, at 69.3%, and the highest share of units in five-plus buildings, at 52.8%.
New Jersey county comparison
Median gross rent among New Jersey's ten largest counties ranges from $1,282 in Cumberland County to $1,914 in Bergen County. Rental vacancy runs from 2.1% in Passaic County to 4.4% in Hudson County, per each county's 2020-2024 ACS figures.
| County | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| Bergen County | $1,914 | 34.7% | 22.4% | 3.0% |
| Middlesex County | $1,871 | 36.4% | 24.0% | 2.4% |
| Essex County | $1,531 | 55.1% | 31.1% | 2.7% |
| Hudson County | $1,894 | 69.3% | 52.8% | 4.4% |
| Ocean County | $1,755 | 19.3% | 8.2% | 3.1% |
| Union County | $1,730 | 42.6% | 20.3% | 3.1% |
| Camden County | $1,402 | 35.3% | 20.1% | 3.7% |
| Passaic County | $1,621 | 46.9% | 21.2% | 2.1% |
| Mercer County | $1,623 | 37.8% | 23.2% | 2.9% |
| Cumberland County | $1,282 | 33.5% | 11.5% | 4.3% |
Hudson County leads this list on both renter share, at 69.3%, and units in five-plus buildings, at 52.8%. Ocean County is the most owner-heavy of the ten, with renters in 19.3% of occupied homes and just 8.2% of units in larger buildings.
New Jersey landlord, tax and transfer rules
New Jersey sets no statewide rent control; municipalities decide individually, per the Department of Community Affairs' Rent Increase Bulletin. Newly constructed multiple dwellings may be exempt under N.J.S.A. 2A:42-84.2 to 84.6, and any rent increase requires at least 30 days' notice or more under local ordinance.
Security deposits are capped at 1.5 times monthly rent under N.J.S.A. 46:8-19, with return due within 30 days of lease end and itemized deductions under 46:8-21.1. On a sale, the seller must turn deposits plus accrued interest over to the buyer at closing and notify tenants by certified mail under 46:8-20.
New Jersey assesses apartment buildings as of October 1 of the pretax year, with taxable value set by the municipal average ratio to true market value. Owners may appeal to the county board of taxation by April 1, or go directly to the Tax Court above $1,000,000 in assessed value.
The realty transfer fee, paid by the seller, runs on a graduated per-$500 schedule that rises from $2.90 below $150,000 to $6.05 above $1,000,000, per the Division of Taxation. On a $325,000 deed, the Division's own FAQ example calculates a $1,910.00 fee.
What this means if you sell in New Jersey
Owners who sell commercial property in New Jersey are priced on rent rolls, vacancy and the next assessment. A building in Passaic County, at 2.1% vacancy, reads differently to a buyer than one in Hudson County at 4.4%.
Taxes deserve close attention. Because New Jersey carries assessed values forward between revaluations, a strong rent year does not automatically change next year's tax bill, though added or omitted assessments can still apply. The seller-paid realty transfer fee is a known, calculable cost going into closing.
We review New Jersey buildings of five or more units in the ten counties above and across the rest of the state. Send the rent roll and the latest New Jersey tax statement, and we will set the property against these county figures.
Local Knowledge
Selling Multifamily In New Jersey
Every state has its own tax, legal, and market dynamics. A few things we factor into every New Jersey offer:
- New Jersey assessed value carries over between revaluations; added or omitted assessments can still apply after October 1.
- No statewide rent control; municipalities set their own rules under the DCA's Rent Increase Bulletin.
- Security deposits cap at 1.5x monthly rent, with return due within 30 days of lease end.
- Statewide rental vacancy was 3.5% in 2020-2024, but county rates range from 2.1% to 4.4%.
Seller Guides
Your Situation, Handled — New Jersey
From The Blog
New Jersey Market Insights
Our Buy Box
What We Buy In New Jersey
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
New Jersey Seller FAQ
What should I check before I sell commercial property in New Jersey?
Start with rents and vacancy, since buyers do. New Jersey median gross rent was $1,720 a month and rental vacancy 3.5% in the Census Bureau's 2020-2024 ACS. Then check the October 1 assessment basis, since New Jersey carries assessed value forward between municipal revaluations.
Does New Jersey charge a transfer tax when an apartment building sells?
Yes. The seller pays a realty transfer fee on a graduated per-$500 schedule, rising from $2.90 below $150,000 to $6.05 above $1,000,000. The Division of Taxation's own worked example shows a $325,000 deed produces a $1,910.00 fee at closing.
Can New Jersey cities limit how much I raise rents?
It depends on the municipality. New Jersey has no statewide rent control statute; cities and towns set their own ordinances, per the Department of Community Affairs. Newly constructed multiple dwellings may be exempt under N.J.S.A. 2A:42-84.2 to 84.6.
Which New Jersey counties have the tightest rental markets?
Among the ten counties profiled here, Passaic County had the lowest rental vacancy at 2.1%, followed by Essex County at 2.7% and Mercer County at 2.9%, per the 2020-2024 ACS. Hudson County had the highest at 4.4%.
How do I sell commercial property in New Jersey?
Send us the address, unit count, and a rent roll if you have one. We review New Jersey apartment buildings of 5+ units against our buy box and give clear feedback, typically within 48 hours.
Do you buy apartment buildings everywhere in New Jersey?
Yes. We evaluate multifamily properties statewide, including Newark, Jersey City, Trenton, Camden, Perth Amboy, Plainfield, West New York, Bergenfield, smaller cities, and suburban markets. Every property is reviewed on its own fundamentals.
What types of New Jersey multifamily properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units — stabilized, value-add, mismanaged, or distressed. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Can I sell rental property in New Jersey with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in New Jersey?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Do I need to make repairs before selling?
No. We underwrite properties as they are today, including deferred maintenance and vacancy.
From The Blog
New Jersey Market Insights
Submit A Deal
Have A Property In New Jersey?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
