Mixed-Use Retail and Residential
718 W Side Avenue Jersey City, NJ 07306
For Sale
$899,900
MULTI_FAMILY - Jersey City, NJ
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$204.52
Days on Market51
Property Features for 718 W Side Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Basement, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Basement
- Walk-Out Access, Full
- Standard status
- Active
- APN
- 06-16401-0000-00070
- Size
- 4,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13356
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Floors in Building
- 3
- Number of units
- 3
Listing Agency:
RE/MAX Central
(732) 972-1000
Listed By:
George Pavlushkin · License #1324942
(732) 972-1000
Added: Jun 3
Changed: Jun 18
Last Checked: Jul 23 at 4:06PM
MLS# 22616448
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes one street-level retail space and two residential apartments. The retail storefront features a walkout/rear yard connection and is equipped with central air and a 9-foot drop ceiling, with natural gas heat. The residential units consist of two 3-bedroom, 1-bath condos, both currently occupied on month-to-month leases. The building also offers a huge walkout basement, separate heating systems, and maintained major mechanicals, including updated furnaces, replaced hot water heaters, and brand-new 3-phase electrical panels.
The property provides separate gas, electric, and water meters. According to the current setup, the landlord pays water and sewer expenses, and the retail tenant is responsible for 40% of water and sewer charges.
The listing describes current monthly income of approximately $5,875 and an indicated projected pro forma of approximately $7,500. The prior retail use is described as a juice bar, and it is noted as approved for retail location use, with buyers asked to perform their own due diligence regarding zoning and permitted uses.
The property provides separate gas, electric, and water meters. According to the current setup, the landlord pays water and sewer expenses, and the retail tenant is responsible for 40% of water and sewer charges.
The listing describes current monthly income of approximately $5,875 and an indicated projected pro forma of approximately $7,500. The prior retail use is described as a juice bar, and it is noted as approved for retail location use, with buyers asked to perform their own due diligence regarding zoning and permitted uses.
Key Highlights
- Mixed‑use building with 1 street‑level retail space and 2 residential apartments (two 3‑bedroom, 1‑bath condos).
- Retail storefront is approx. 1,100 SF, includes a 9‑foot drop ceiling, and has central air conditioning.
- Both residential units are currently occupied on month‑to‑month leases.
Financial Insights For Mixed Use
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 | $129.4k | $29.40 |
| − Vacancy | −$11.9k | −$2.70 |
| EGI | $117.5k | $26.70 |
| − OpEx | −$44.0k | −$10.01 |
| NOI | $73.4k | $16.68 |
4,400 SF · lease $29.40/SF/yr · vacancy 9.20% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,573 @ 7.0% cap · market cap 9.95%
Second Best
Mixed Use
$1.05M
$917.7K – $1.22M
NOI $73,412 @ 7.0% cap · market cap 8.16%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,859 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Side Grocery ...
Grocery & Convenience Store
Delish Juice Bar
Specialty Food Shop
Jithey Mie Vairy ...
Insurance Agency
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a street-level retail storefront and two occupied residential apartments with separate utility metering.
Where is this mixed-use property located?
The property is located at 718 W Side Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Mixed‑use building with 1 street‑level retail space and 2 residential apartments (two 3‑bedroom, 1‑bath condos).; Retail storefront is approx. 1,100 SF, includes a 9‑foot drop ceiling, and has central air conditioning.; Both residential units are currently occupied on month‑to‑month leases.
