Mixed-Use Building in Greenville

Jersey City, NJ 07305 Jersey City, NJ 07305

Claim this Listing
For Sale
$500,000

SINGLE_FAMILY - Jersey City, NJ

Property size:
2,700 SF
Price / SF:
$185/SF
Added:
Apr 24, 2025
Days on Market:
443
Last Refresh:
Jul 10 at 9:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
2,700 SF

Building Details

Year built
1920

Listing agent Michele Chiles-Hickman

Listing office BHHS Fox & Roach Montclair Sales Office NJ

Listing date Apr 24, 2025

MLS# 3958628

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.

Located in the Greenville section of Jersey City, this mixed-use building features three units. The property includes a storefront currently used as a worship center on the first level, with two two-bedroom units located above. The property's size is approximately 2,700 square feet, situated on a lot of about 0.03 acres. Each unit has separate heating, and utilities are covered by the individual tenants. The square footage is estimated. This property presents an opportunity for potential investors.

Key Highlights

  • Mixed‑use 3‑unit building
  • Storefront property with worship center on level one
  • Two 2‑bedroom units

Local Financial Insights For Retail

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 $69.7k $25.80
− Vacancy −$5.9k −$2.19
EGI $63.7k $23.61
− OpEx −$19.1k −$7.08
NOI $44.6k $16.52
2,700 SF · lease $25.80/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Apartment 5plus
$785.2K
$687.1K – $916.1K (±1% cap)
NOI $54,965 @ 7.0% cap · market cap 10.99%
Second Best
Mixed Use
$643.5K
$563.1K – $750.8K (±1% cap)
NOI $45,048 @ 7.0% cap · market cap 9.01%
Theoretical Best
Multifamily LT 5
$875.4K
$766.0K – $1.02M (±1% cap)
NOI $61,277 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

FAQs

What type of property is this?
Mixed-use property - Mixed-use, three-unit building in Jersey City's Greenville section.
Where is this mixed-use property located?
The property is located at Jersey City, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Mixed‑use 3‑unit building; Storefront property with worship center on level one; Two 2‑bedroom units
Contact an agent
More about this property
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