Mixed-Use Apartment and Retail
For Sale
Contact for pricing
190 Van Nostrand Ave, Jersey City, NJ 07305
Four-building portfolio with 73 apartment units and 5 retail suites, offering a mixed-use income profile in Jersey City.
Property Size13,500 SF
Days on Market76
Property Features for 190 Van Nostrand Ave
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Mixed-Use
Occupancy
97%
Additional Details
Highway Access
Yes
Multifamily Units
73
Amenities
Brick Walk-Up Mixed-Use Building with 23 Apartments and 3 Commercial Components
Over 67% Rent Upside Captured Through Capital Improvements and Lease-Up of Below-Market In-Place Rents
Value-Add Opportunity to Reconfigure Units into Larger Unit Counts to Strengthen the Unit Mix
Positioned Along an Active Retail Corridor on MLK Avenue, Benefiting from Strong Foot Traffic and Neighborhood Retail Demand
Building Details
Building Size
13,500 SF
Units
23
Tenancy
Multi
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6121
Listed By:
Jonathan Zamora · License #License(s): NJ: 1222363
(201) 742-6121
Source:
Marcusmillichap
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 30 at 1:17PM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This for-sale portfolio includes four buildings with 73 apartment units and 5 retail suites. The offering is positioned as a multifamily and mixed-use investment with in-place rents described as below market and an estimated 34% rent upside through unit renovations, tenant turnover, and operational improvements. The property notes that select units may be reconfigured to increase bedroom count, providing an additional lever for income growth.
The portfolio is located at 190 Van Nostrand Avenue in Jersey City, New Jersey. The remarks highlight a corridor supported by major developments including Bayfront, Canal Crossing, and Caven Point Studios. Connectivity is described as strong via the Hudson-Bergen Light Rail, Interstate 78, and the New Jersey Turnpike, with access to Downtown Jersey City and Manhattan.
For buyers and operators seeking a mixed-use platform, the combination of apartment units and retail suites provides multiple revenue streams within a single portfolio. The ability to renovate and potentially reconfigure certain units may support future rent and mix adjustments, subject to execution and leasing. Prospective buyers should review unit-level details and renovation/reconfiguration scope during due diligence to confirm feasibility and returns.
The portfolio is located at 190 Van Nostrand Avenue in Jersey City, New Jersey. The remarks highlight a corridor supported by major developments including Bayfront, Canal Crossing, and Caven Point Studios. Connectivity is described as strong via the Hudson-Bergen Light Rail, Interstate 78, and the New Jersey Turnpike, with access to Downtown Jersey City and Manhattan.
For buyers and operators seeking a mixed-use platform, the combination of apartment units and retail suites provides multiple revenue streams within a single portfolio. The ability to renovate and potentially reconfigure certain units may support future rent and mix adjustments, subject to execution and leasing. Prospective buyers should review unit-level details and renovation/reconfiguration scope during due diligence to confirm feasibility and returns.
Key Highlights
- Four‑building multifamily and mixed‑use portfolio in Jersey City, NJ
- Includes 73 apartment units plus 5 retail suites
- Year built: 1928
Property Analytics
Property Profile
Current Use
Lease Details
73
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 07305, NJ
67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-building portfolio with 73 apartment units and 5 retail suites, offering a mixed-use income profile in Jersey City.
Where is this apartment building located?
The property is located at 190 Van Nostrand Ave Jersey City, NJ.
What are key features of this property?
This property features: Four‑building multifamily and mixed‑use portfolio in Jersey City, NJ; Includes 73 apartment units plus 5 retail suites; Year built: 1928
