Vacant Quadplex with Walkout
For Sale
$850,000
25 Greenville Ave Jersey, Jersey City, NJ 07305
Four-unit residential property with separate utilities and renovation flexibility at closing.
Property Size2,900 SF
Lot Size0.05 Acres
Price / SF$293.10
Days on Market16
Property Features for 25 Greenville Ave Jersey
General Information
Standard status
Active
Size
2,900 SF
Lot size
0.05 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR, 2 x 1BR
Multifamily Units
4
Amenities
Fuel: Gas-Natural
Heating: 4+ Units
Carbon Monoxide Detector
Range/Oven - Gas
Refrigerator
All Underground, Asphalt Shingle, Flat
Building Details
Year Built
1928
Listing Agency:
Keller Williams Mid-Town Direct Realty
Listed By:
Conrad Martin · License #2191921
(201) 279-0958
Source:
Kw
Added: Aug 27
Changed: Sep 10
Last Checked: Sep 10 at 3:07PM
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 Keller Williams Mid-Town Direct Realty
Investment Insights
Based on property information with market context.
This 1928 quadplex contains four residential units totaling 2,900 square feet, with two 2-bedroom apartments and two 1-bedroom apartments. The property includes a walkout basement and separate utilities, while interior features include gas-natural fuel, gas range/ovens, refrigerators, carbon monoxide detectors, and heating serving 4+ units. The seller requires a 90-day timeline to vacate, with delivery vacant at closing.
The property sits on a 2,273-square-foot lot at 25 Greenville Ave in Jersey City. Access to Route 440 and the Hudson-Bergen Light Rail provides connections through the surrounding area, with downtown amenities also nearby.
The property sits on a 2,273-square-foot lot at 25 Greenville Ave in Jersey City. Access to Route 440 and the Hudson-Bergen Light Rail provides connections through the surrounding area, with downtown amenities also nearby.
Key Highlights
- Four‑unit quadplex with 2,900 square feet of total building area
- Unit mix includes two 2‑bedroom units and two 1‑bedroom units
- Walkout basement with separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,316,320
$1.3M
Cap Rate 7%
$940,229
$940.2K
Cap Rate 9%
$731,289
$731.3K
Market Conditions
NOI Build-Up for 2,900 SF
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.
Gross rent
$99.2K $34.20/SF
− Vacancy
−$5.2K −$1.78/SF
EGI
$94.0K $32.42/SF
− OpEx
−$28.2K −$9.73/SF
NOI
$65.8K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,316,320
Cap Rate 7%
$940,229
Cap Rate 9%
$731,289
Alternative Uses
Best Use
Multifamily LT 5
$940.2K
$822.7K – $1.10M
NOI $65,816 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$843.4K
$738.0K – $984.0K
NOI $59,037 @ 7.0% cap · market cap 6.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,410
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with separate utilities and renovation flexibility at closing.
Where is this quadplex located?
The property is located at 25 Greenville Ave Jersey Jersey City, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,900 square feet of total building area; Unit mix includes two 2‑bedroom units and two 1‑bedroom units; Walkout basement with separate utilities
