Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    68 Thorne St, Unit JC Jersey City, NJ 07307

    Sponsored
    For Sale
    $2,090,000

    2 Family - JC, Heights, NJ

    Property size:
    1,450 SF
    Days on Market:
    5
    Last Refresh:
    Feb 26 at 10:06 pm

    Property Features for 68 Thorne St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    5
    Parking
    3
    Parking features
    Garage
    Size
    1,450 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    NISHABEN PATEL

    COLDWELL BANKER RESIDENTIAL BROKERAGE (201) 798-3300

    Listing agent NISHABEN PATEL (201) 798-3300 License #2299595

    Listing date Feb 22, 2026

    MLS# 250025287 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Modern Two-Family Home in JC Heights

    This modern residence features luxury finishes and valuable incentives. The property includes two units: Unit 1 features two private outdoor spaces, a primary suite with a walk-in closet and spa-style bath, and flexible extra bedrooms. Unit 2 is a 3-bedroom, 2-bath duplex condo offering over 1450 sq. ft. of living space. Both units include central heat/AC, full-size laundry, and storage. Garage parking is available. Located in the Jersey City Heights neighborhood, the property is near restaurants, parks, cafes, shopping, and transit. The property is eligible for a 5-year tax abatement and comes with a 10-year builder’s warranty.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    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
    -74.0506011
    Latitude
    40.7498582

    Nearby Similar for Sale

    • $99,000
      4,000 SF

      Turnkey Restaurant in West Bergen

      Restaurant business and mixed-use property in high-traffic area.
      331-337 WEST Side Ave, Jersey City, NJ 07305
      View Details
    • New
      $774,900
      3,053 SF

      Renovated Two-Family Home in Jersey City

      Turnkey two-family home with modern amenities and income potential.
      275 Claremont Ave, Jersey City, NJ 07305
      View Details
    • $3,000,000
      13,000 SF

      Mixed-Use Property Near Courthouse

      Three-story mixed-use property with retail and office space.
      572-574 Newark Ave, Jersey City, NJ 07306
      View Details
    • Contact for pricing
      740 SF

      Turnkey Salon in Jersey City Heights

      Fully equipped hair and nail salon in prime location.
      1185 Summit Ave, Jersey City, NJ 07307
      View Details
    • $65,000

      Established Deli Business For Sale

      Turnkey deli business opportunity in high-traffic JC Heights location.
      84 Reservoir Ave, Jersey City, NJ 07307
      View Details
    • $350,000
      2,500 SF

      Established Plumbing Business Opportunity

      Plumbing business for sale in thriving West Bergen market.
      264 Kearney Ave, Jersey City, NJ 07305
      View Details
    • $875,000
      Pending

      Modernized Multi-Family in West Bergen

      Modernized multi-family home in Jersey City's West Bergen neighborhood.
      244 Clinton Ave, Jersey City, NJ 07304
      View Details
    • $3,549,000
      12,000 SF

      Historic Church Investment Opportunity

      Historic church with redevelopment potential in a rapidly growing area.
      355 Fairmount Ave, Jersey City, NJ 07306
      View Details
    • $689,999
      2,200 SF

      Mixed-Use Building in Jersey City

      Versatile investment property with commercial space and residential units.
      415 Martin Luther King Jr Dr, Jersey City, NJ 07304
      View Details
    • $849,000

      West Bergen Two-Family Home

      Well-maintained two-family home in Jersey City with income potential.
      301 Ege Ave, Jersey City, NJ 07304
      View Details
    • New
      $745,000

      Renovated Two-Family Home in Jersey City

      Renovated two-family home with modern updates and private outdoor spaces.
      53 College St, Jersey City, NJ 07305
      View Details
    • $799,000
      Pending

      Three-Family Property in West Bergen

      Three-family property in West Bergen, Jersey City, sold AS IS.
      68 Lexington Ave, Jersey City, NJ 07304
      View Details

    FAQs

    What type of property is this?
    Duplex - Luxurious two-unit residence in Jersey City Heights with modern amenities.
    Where is this duplex located?
    The property is located at 68 Thorne St, Unit JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $2,090,000.
    What are key features of this property?
    This property features: - 5-year tax abatement offers significant savings.; - Garage parking provides a coveted convenience in a city location.; - Two private outdoor spaces offer opportunities for gardening, hosting, or unwinding (Unit 1).
    (201) 798-3300
    Request Owner's contact information
    68 Thorne St, Unit JC Jersey City, NJ 07307
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    68 Thorne St, Unit JC
    Jersey City, NJ 07307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    68 Thorne St, Unit JC Jersey City, NJ 07307
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    NISHABEN PATEL
    Real Estate License ID: 2299595
    (201) 798-3300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!