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    409 Ocean Ave, Unit JC Jersey City, NJ 07305

    Sponsored
    For Sale
    $4,000,000

    Investment - JC, Greenville, NJ

    Days on Market:
    67
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 409 Ocean Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Floors in Building
    3
    Number of units
    17
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent MORDY ABELESZ (866) 201-6210 License #1755145

    Listing date Oct 31, 2025

    MLS# 250014106 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

    Renovated Mixed-Use Building in Greenville

    This "CLASS A" mixed-use property, known as "THE OCEAN", is a 17-unit brick building located in the Greenville section of Jersey City. The three-story walkup has been completely renovated and converted from a warehouse to residential use. The property features a mix of twelve two-bedroom units and four one-bedroom units, along with approximately 1400 square feet of retail space currently leased to a local daycare. Each unit includes hardwood floors, granite countertops, and central AC, with washer and dryer hookups. All utilities, including heat, gas, hot water, and electric, are separate and paid by the tenants. The property is generating rental income with room for upside. Conveniently located a few blocks from the Light Rail, buses, highways, shopping, Bayside and Liberty Parks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Victory Steps Academy School

    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
    -74.0833785
    Latitude
    40.7008135

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    FAQs

    What type of property is this?
    Mixed-use property - 17-unit mixed-use building with retail space in Greenville, JC.
    Where is this mixed-use property located?
    The property is located at 409 Ocean Ave, Unit JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Strong rental income with an approx. 7.5% cap rate and room for upside.; - Fully renovated "Class A" mixed-use building with 17 units.; - Prime location in the vibrant section of Greenville, Jersey City, close to Light Rail, buses, highways, shopping, and parks.
    (866) 201-6210
    Request Owner's contact information
    409 Ocean Ave, 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
    409 Ocean Ave, Unit JC Jersey City, NJ 07305
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