Mixed-Use Property with 13
For Sale
Contact for pricing
Pending
191-195 Newark Ave, Jersey City, NJ 07302
Corner asset with rented commercial and residential space, separate utilities, and upgraded residences near PATH rail service.
Property SizeContact for details
Days on Market141
Property Features for 191-195 Newark Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
9
Listing Agency:
Coldwell Banker Commercial NRT Jersey City
(201) 963-1400
Listed By:
Medhat Dewaik · License #NJ8639578
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 9:50PM
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 Coldwell Banker Commercial NRT Jersey City
Investment Insights
Based on property information with market context.
This mixed-use property at 191-195 Newark Ave combines nine residential units with four commercial units. The building occupies a corner at Newark Avenue and Jersey Avenue, with separate utilities serving the property. Most residential units have been upgraded, and all units are currently rented.
The property is situated in the pedestrian section of Downtown Jersey City, approximately one and a half blocks from Grove St. PATH Train Station. Its location places the building near the intersection of Newark and Jersey Avenues and within a walkable downtown setting. The reported cap rate is more than 4%.
The property is situated in the pedestrian section of Downtown Jersey City, approximately one and a half blocks from Grove St. PATH Train Station. Its location places the building near the intersection of Newark and Jersey Avenues and within a walkable downtown setting. The reported cap rate is more than 4%.
Key Highlights
- 13 total units: 9 residential and 4 commercial
- Corner position at Newark Avenue and Jersey Avenue
- Approximately one and a half blocks from Grove St. PATH Train Station
Property Analytics
Current Use
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,677
Businesses Nearby
Explore this area
Business Placement
Demographics for 07302, NJ
57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
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 - Corner asset with rented commercial and residential space, separate utilities, and upgraded residences near PATH rail service.
Where is this mixed-use property located?
The property is located at 191-195 Newark Ave Jersey City, NJ.
What are key features of this property?
This property features: 13 total units: 9 residential and 4 commercial; Corner position at Newark Avenue and Jersey Avenue; Approximately one and a half blocks from Grove St. PATH Train Station
