Kennedy Blvd & Fairview Apartments

2555, 2540-50 & 2554-60 John F Kennedy Blvd, Jersey City, NJ 07304


The Affordable Housing Group is pleased to present the opportunity to acquire the Jersey City Portfolio, consisting of two 100% HAP affordable housing properties located in the McGinley Square neighborhood of Jersey City, NJ.

The portfolio consists of two properties. Kennedy Blvd is a senior 211-unit 100% HAP building with one non-section 8 two-bedroom superintendent unit. Fairview is a 100% HAP family 145-unit building with one non-section 8 two-bedroom superintendent unit.

The properties are debt free and eligible for new financing. Both properties benefit from 100% 5-year Renewal HAP contracts scheduled for renewal and mark-up-to-market on December 1, 2022, and February 1, 2023.

You will be emailed a link from to access the due diligence items after signing the confidentiality agreement. If you are having issues accessing documents please reach out to Elisa Seccia at

Investment Highlights


Jersey City/Journal Square area

High Density Urban Infill Location

First Time on the Market


100% HAP; 5-Year Contracts to be Renewed on 12/1/2022 & 2/1/2023

Portfolio of 212 Senior Units & 146 Family Units

Includes 3 Commercial Spaces


Opportunity for Rehab and LIHTC Syndication

Tax Abatement Available

Opportunity to Reduce Total Expenses by $3,189 per Unit and $4,506 per Unit


John L Nguyen

John L Nguyen

Primary Listing Agent

   Affordable Housing Group

  • DIRECT: 714-356-5049
  • MOBILE: 949-497-9100 x1
  • EMAIL:
  • LIC NO.: 01303273
Jesse Elsanhuty

Jesse Elsanhuty

Primary Listing Agent

   Affordable Housing Group

  • DIRECT: 562-320-3614
  • MOBILE: 949-497-9100 x2
  • EMAIL:
  • LIC NO.: 01773542
Jennifer Stein

Jennifer Stein

Broker of Record

JDS Services

  • DIRECT: Call primary listing agent
  • EMAIL: Eall primary listing agent
  • LIC NO.: 471018303