Mixed-Use Redevelopment
104 STORMS AVE Jersey City, NJ 07306
104 STORMS AVE, Jersey City, NJ, 07306
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For Sale
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Mixed-use property in redevelopment zone, offering value-add potential.
Property Size3,311 SF
Price / SF$385.08
Days on Market71
Property Features for 104 STORMS AVE
General Information
- Standard status
- Active
- Size
- 3,311 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing Agency
SERHANT
(917) 334-9663
Listed by
Alexander Calle · License #NJ 1752924
Source
Crexi
Added: May 12 Updated: Jul 10 at 1:37 pm Checked: Jul 20 at 5:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERHANT
Investment Insights
Based on property information with market context.
This mixed-use property, situated in a redevelopment zone, presents a value-add opportunity. The property has a size of 3311 square feet. It is located in Jersey City, NJ.
Key Highlights
- Redevelopment Zone
- Mixed‑Use potential
- Value‑Add opportunity
Local 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 | $97.3k | $29.40 |
| − Vacancy | −$9.0k | −$2.70 |
| EGI | $88.4k | $26.70 |
| − OpEx | −$33.1k | −$10.01 |
| NOI | $55.2k | $16.68 |
3,311 SF · lease $29.40/SF/yr · vacancy 9.20% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$789.2K
$690.5K – $920.7K
NOI $55,242 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.07M
$939.3K – $1.25M
NOI $75,144 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property in redevelopment zone, offering value-add potential.
Where is this mixed-use property located?
The property is located at 104 STORMS AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Redevelopment Zone; Mixed‑Use potential; Value‑Add opportunity
