Monticello Avenue
138 Monticello Ave, Jersey City, NJ 07304
For Sale
New
Contact for pricing
Business-zoned space near Journal Square has natural gas service and public water.
Property Size1,200 SF
Price / SF$2.33
Days on Market2
Property Features for 138 Monticello Ave
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Gas-Natural
198.00
Public Water
20.07X75
0.03
9
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:10AM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront was built in 2006 and is zoned Business. Natural gas service and public water are noted for the property.
The commercial unit is on Monticello Avenue in Jersey City, approximately two minutes from Journal Square.
The commercial unit is on Monticello Avenue in Jersey City, approximately two minutes from Journal Square.
Key Highlights
- 1,200 SF storefront
- On Monticello Avenue in Jersey City, about two minutes from Journal Square
- Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,600
$396.6K
Cap Rate 7%
$283,286
$283.3K
Cap Rate 9%
$220,333
$220.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.0K $25.80/SF
− Vacancy
−$2.6K −$2.19/SF
EGI
$28.3K $23.61/SF
− OpEx
−$8.5K −$7.08/SF
NOI
$19.8K $16.52/SF
Area
Jersey City, NJ
Vacancy
8.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,600
Cap Rate 7%
$283,286
Cap Rate 9%
$220,333
Alternative Uses
Best Use
Retail
$283.3K
$247.9K – $330.5K
NOI $19,830 @ 7.0% cap · market cap 708.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$389.1K
$340.4K – $453.9K
NOI $27,234 @ 7.0% cap · market cap 972.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,883
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 24%
Home Improvements & Furnishings 3%
Electronics 3%
Exxon
Shops & Services
13,521 visits/mo
0.4 miles
Bank of America
Shops & Services
11,388 visits/mo
0.3 miles
KFC
Dining
10,850 visits/mo
0.2 miles
AutoZone
Shops & Services
9,967 visits/mo
0.2 miles
Lukoil
Shops & Services
8,107 visits/mo
0.4 miles
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Jersey City, NJ
Properties on Market for Storefront properties in Jersey City
Vacancy Rate% for Retail in Northeast region
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- Hudson Florist — 741 Bergen Ave A, Jersey City, NJ 07306
Frequently Asked Questions
What type of property is this?
Storefront property - Business-zoned space near Journal Square has natural gas service and public water.
Where is this storefront property located?
The property is located at 138 Monticello Ave Jersey City, NJ.
What are key features of this property?
This property features: 1,200 SF storefront; On Monticello Avenue in Jersey City, about two minutes from Journal Square; Business zoning
