Corner Retail Space with Glass
For Sale
Contact for pricing
198 Academy St, Jersey City, NJ 07306
Transit-oriented storefront with flexible layout, high ceilings, dual entrances, and immediate possession.
Property Size1,711 SF
Price / SF$2.92
Days on Market66
Property Features for 198 Academy St
General Information
Standard status
Active
Size
1,711 SF
Property subtype
Commercial
Listing Agency:
Re/Max Premier
(908) 872-5473
Listed By:
The Campusano Group
(646) 469-7874
Source:
Thecampusanogroup
Added: Aug 12
Changed: Oct 15
Last Checked: Oct 16 at 9:08AM
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 Re/Max Premier
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Investment Insights
Based on property information with market context.
This 1,711 SF retail space occupies a corner position with approximately 30 feet of glass storefront and 13-foot ceilings. Two separate entrances support flexible occupancy arrangements, while the vanilla-box delivery provides a straightforward starting point for interior improvements. The space is divisible, with configurations described from 600 SF to more than 1,100 SF, and immediate possession is available.
The property is located at 198 Academy St near Journal Square PATH Station and within the Journal Square 2060 Redevelopment District. The surrounding area includes thousands of new residential units and multiple family-service and daycare providers within one mile. NNN lease structure is specified, and the storefront is positioned to serve pedestrian activity associated with the transit station and nearby residential growth.
The property is located at 198 Academy St near Journal Square PATH Station and within the Journal Square 2060 Redevelopment District. The surrounding area includes thousands of new residential units and multiple family-service and daycare providers within one mile. NNN lease structure is specified, and the storefront is positioned to serve pedestrian activity associated with the transit station and nearby residential growth.
Key Highlights
- 1,711 SF corner retail space at 198 Academy St, Jersey City
- Approximately 30 feet of glass storefront wrapping the corner
- 13‑ft ceilings and two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,480
$565.5K
Cap Rate 7%
$403,914
$403.9K
Cap Rate 9%
$314,156
$314.2K
Market Conditions
NOI Build-Up for 1,711 SF
Gross rent
$44.1K $25.80/SF
− Vacancy
−$3.8K −$2.19/SF
EGI
$40.4K $23.61/SF
− OpEx
−$12.1K −$7.08/SF
NOI
$28.3K $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%
$565,480
Cap Rate 7%
$403,914
Cap Rate 9%
$314,156
Alternative Uses
Best Use
Retail
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 566.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$554.7K
$485.4K – $647.2K
NOI $38,831 @ 7.0% cap · market cap 778.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,410
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 22%
Apparel 9%
Electronics 7%
McDonald's
Dining
20,888 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,894 visits/mo
0.4 miles
Chase Bank
Shops & Services
11,854 visits/mo
0.5 miles
Rainbow
Apparel
5,662 visits/mo
0.4 miles
SUBWAY
Dining
5,451 visits/mo
0.2 miles
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Transit-oriented storefront with flexible layout, high ceilings, dual entrances, and immediate possession.
Where is this retail space located?
The property is located at 198 Academy St Jersey City, NJ.
What are key features of this property?
This property features: 1,711 SF corner retail space at 198 Academy St, Jersey City; Approximately 30 feet of glass storefront wrapping the corner; 13‑ft ceilings and two separate entrances
