415 MARTIN LUTHER KING JR DR JC, Jersey City, NJ 07304
- Added:
- Oct 21, 2025
- Days on Market:
- 234
- Last Refresh:
- Jun 11 at 11:06 pm
Property Features for 415 MARTIN LUTHER KING JR DR JC
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,200 SF
Taxes and HOA fees
- Tax Annual Amount
- 17692
Building Details
- Floors in Building
- 3
- Number of units
- 3
- Architectural style
- Other
Listing agent SANDY CUEVAS License #1536437 (201) 333-4443
Listing office WEICHERT REALTORS 273 GROVE ST, Jersey City, NJ (201) 333-4443
Listing date Oct 21, 2025
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the heart of Jersey City, directly across from the Light Rail and steps from the City Hall Annex.
- Mixed‑use property with approx. 2,200 sq. ft. of commercial space and two residential units (1‑bedroom and 3‑bedroom, 2‑bath with private balcony).
- Excellent value‑add potential for owner‑operators or investors due to the need for some TLC and minor repairs.
- Versatile commercial space previously set up for an ice cream shop, suitable for retail, restaurant, or office use.
- Easy access to NYC, major highways, and all public transportation.
- Located in a vibrant commercial plaza surrounded by shops and restaurants.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $38.88 |
| − Vacancy | −$4.1k | −$1.87 |
| EGI | $81.4k | $37.01 |
| − OpEx | −$36.6k | −$16.66 |
| NOI | $44.8k | $20.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.081231
- Latitude
- 40.709031