Large Lot in Developing
For Sale
$6,000,000
36 EMORY ST JC, Jersey City, NJ 07304
32,800 SF lot with 17,538 SF building in Jersey City.
Property Size17,538 SF
Lot Size0.75 Acres
Price / SF$342.11
Days on Market267
Property Features for 36 EMORY ST JC
General Information
Standard status
Active
Size
17,538 SF
Lot size
0.75 Acres
Property subtype
Commercial
Listing Agency:
SERHANT NEW JERSEY LLC
(973) 315-5959
Listed By:
NATALIA RAWSKA
Source:
Corcoran
Added: Nov 18, 2025
Changed: Aug 11
Last Checked: Aug 11 at 8:43AM
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 SERHANT NEW JERSEY LLC
Investment Insights
Based on property information with market context.
Located in Jersey City’s West Side, 36 Emory St. offers a large-scale opportunity in a rapidly developing corridor. The property includes a 17,538 SF structure on a 32,800 SF lot, presenting redevelopment, adaptive reuse, or immediate occupancy possibilities. The existing building features open floor plates, high ceilings, and historic architectural character. It is suitable for residential conversion, community facility use, education, wellness, event programming, or creative commercial concepts. The property is positioned in one of the most active improvement zones in the city, near new residential construction, established neighborhoods, academic institutions, and transportation options. It is located minutes from Journal Square, Lincoln Park, schools, transit, and new development projects. The property is suited for multifamily or mixed-use development, charter school, daycare, education center, religious facility, medical, community facility, nonprofit headquarters, essential services, governmental uses, adult day cares, assisted living residences, nursing homes, or senior housing. The property has on-site parking and an outdoor area.
Key Highlights
- Massive 32,800 SF lot with versatile development potential.
- Existing 17,538 SF building suitable for renovation or expansion.
- Prime location in Jersey City's rapidly developing West Side corridor.
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
$357,031
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
5.95%
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%
$7,140,620
$7.1M
Cap Rate 7%
$5,100,443
$5.1M
Cap Rate 9%
$3,967,011
$4.0M
Market Conditions
NOI Build-Up for 17,538 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
$681.9K $38.88/SF
− Vacancy
−$32.7K −$1.87/SF
EGI
$649.1K $37.01/SF
− OpEx
−$292.1K −$16.66/SF
NOI
$357.0K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
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%
$7,140,620
Cap Rate 7%
$5,100,443
Cap Rate 9%
$3,967,011
Alternative Uses
Best Use
Apartment 5plus
$5.10M
$4.46M – $5.95M
NOI $357,031 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$4.18M
$3.66M – $4.88M
NOI $292,613 @ 7.0% cap · market cap 4.88%
Theoretical Best
Multifamily LT 5
$5.69M
$4.98M – $6.63M
NOI $398,027 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,957
Businesses Nearby
Explore this area
Business Placement
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
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 - 32,800 SF lot with 17,538 SF building in Jersey City.
Where is this mixed-use property located?
The property is located at 36 EMORY ST JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Massive 32,800 SF lot with versatile development potential.; Existing 17,538 SF building suitable for renovation or expansion.; Prime location in Jersey City's rapidly developing West Side corridor.
