Mixed-Use Building with
For Sale
$899,900
Pending
722 W Side Avenue, Jersey City, NJ 07306
Multi-Family, Jersey City, NJ
Property Size4,400 SF
Lot Size0.05 Acres
Days on Market97
Property Features for 722 W Side Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
1
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Basement
Full
Directions
722 W Side Ave, Jersey City, NJ 07306
Subdivision
Heights
Standard status
Pending
APN
06-16401-0000-00072
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
Amenities
central fire and safety monitoring system
three separate utility meters
Building Details
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
George Pavlushkin · License #1324942
(732) 984-8300
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 7 at 6:06PM
MLS# 22616449
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 4400-square-foot mixed-use building contains one ground-floor retail unit and two residential apartments, each configured with three bedrooms and one bathroom. The retail space is occupied by a pizzeria, while one apartment is vacant and recently renovated. Additional improvements include upgraded electrical service, a renovated bathroom, and updated residential finishes. Baseboard heating, multi-unit cooling, and three separate utility meters serve the property.
The building is located at 722 W Side Avenue in Jersey City, NJ, with public water and public sewer service. A central fire and safety monitoring system is in place. The commercial lease includes 3% annual rent escalations, and the tenant contributes 70% of the building’s water expense, providing defined operating terms alongside the residential units.
The building is located at 722 W Side Avenue in Jersey City, NJ, with public water and public sewer service. A central fire and safety monitoring system is in place. The commercial lease includes 3% annual rent escalations, and the tenant contributes 70% of the building’s water expense, providing defined operating terms alongside the residential units.
Key Highlights
- 4400 square feet on a 0.05‑acre lot
- One ground‑floor retail unit plus two residential apartments
- Two 3‑bedroom, 1‑bath apartments; one unit is renovated and vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,468,240
$1.5M
Cap Rate 7%
$1,048,743
$1.0M
Cap Rate 9%
$815,689
$815.7K
Market Conditions
NOI Build-Up for 4,400 SF
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.
Gross rent
$129.4K $29.40/SF
− Vacancy
−$11.9K −$2.70/SF
EGI
$117.5K $26.70/SF
− OpEx
−$44.0K −$10.01/SF
NOI
$73.4K $16.68/SF
Area
Jersey City, NJ
Vacancy
9.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,468,240
Cap Rate 7%
$1,048,743
Cap Rate 9%
$815,689
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,573 @ 7.0% cap · market cap 9.95%
Second Best
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,732 @ 7.0% cap · market cap 9.64%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,797
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor pizzeria space accompanies two three-bedroom apartments in a multi-unit Jersey City property.
Where is this mixed-use property located?
The property is located at 722 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: 4400 square feet on a 0.05‑acre lot; One ground‑floor retail unit plus two residential apartments; Two 3‑bedroom, 1‑bath apartments; one unit is renovated and vacant
