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    32 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07305

    Sponsored
    For Sale
    $749,000

    Investment - JC, Greenville, NJ

    Days on Market:
    203
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 32 Martin Luther King Jr Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Floors in Building
    3
    Number of units
    2
    Architectural style
    Other

    Hudson View Realty, LLC (201) 866-6500 [email protected]

    Listing agent JOSEPH LA MORTE (201) 866-6500 License #1860784

    Listing date Jun 17, 2025

    MLS# 250012229 Listing URL

    Copyright © 2025 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Property, Jersey City

    This Class C mixed-use property is located in the Greenville neighborhood of Jersey City. The three-story building features two residential units, each with three bedrooms and one bathroom. The ground level contains retail or office space. The property generates income and has no rent control with an active green card. Utilities are separately metered. The total gross annual income is $67,800, with a net operating income (NOI) of $48,979 and an estimated cap rate of 6.53%. The property is located in a rapidly developing area near mass transit, shopping, and schools. This turnkey property requires no renovation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.090016
    Latitude
    40.701226

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    FAQs

    What type of property is this?
    Mixed-use property - Income-generating mixed-use property in Jersey City's Greenville neighborhood.
    Where is this mixed-use property located?
    The property is located at 32 Martin Luther King Jr Dr, Unit JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - High Income Potential: Gross Annual Income of $67,800 and Net Operating Income (NOI) of $48,979 with a 6.53% Cap Rate.; - Stabilized Asset: Turnkey property requiring no renovation.; - Mixed-Use Property: Features 2 residential units and ground-level retail/office space.
    (201) 866-6500
    Request Owner's contact information
    32 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07305
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    Jersey City, NJ 07305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07305
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