Capital gains tax NJ

[Taylor Whylings]

My husband and I purchased our first duplex and we are planning to BRRRR to get ourselves started. We have several people interested in buying the property for what it is now worth and we are tempted to let it go and start fresh with a better cash position on the next one ( our BRRRR strategy is still within budget but all the $ into it is borrowed basically but long term loans that we can manage) My question is calculating capital gains tax in NJ to put into #s what the best choice would be. We could probably get a triplex or 4 plex next if we sell this one. Or so we just hold this, put our refi and cash flow toward the next one? It was a back up plan to sell but I want to make an educated decision. Thanks!!

Specifics: purchased for $69,000

Rehab costs: 60,000 so far but have a few things to finish

ARV: 189,000 (conservative)

Rents: total 2,100 (conservative)

Cash offer: 195,000. No closing or realtor costs for me