Redevelopment Community Facility
For Sale
$6,000,000
36 Emory St, Jersey City, NJ 07304
Large lot with a substantial existing structure featuring open floor plates and high ceilings in Jersey City’s West Side corridor.
Property Size17,538 SF
Lot Size0.75 Acres
Price / SF$342.11
Days on Market267
Property Features for 36 Emory St
General Information
Standard status
Active
Size
17,538 SF
Lot size
0.75 Acres
Listing Agency:
SERHANT NEW JERSEY LLC
(973) 315-5959
Listed By:
NATALIA RAWSKA
(973) 315-5959
Source:
Exprealty
Added: Nov 18, 2025
Changed: Jul 28
Last Checked: Jul 28 at 10:36AM
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.
36 Emory St. offers a large-scale redevelopment and adaptive-reuse opportunity in Jersey City, with an expansive 32,800 SF lot and an existing 17,538 SF structure. The building features open floor plates, high ceilings, and historic architectural character, supporting a range of conversion and renovation plans.
The property includes an outdoor area and ample on-site parking. It is positioned in the West Side corridor and is described as being minutes to Journal Square, Lincoln Park, schools, transit, and new development projects.
For buyers and operators, the site is presented as suitable for immediate occupancy or redevelopment, with flexibility for residential conversion, community facility use, education, wellness, event programming, and other creative commercial concepts, subject to approvals. The property can be sold or leased to qualified operators.
The property includes an outdoor area and ample on-site parking. It is positioned in the West Side corridor and is described as being minutes to Journal Square, Lincoln Park, schools, transit, and new development projects.
For buyers and operators, the site is presented as suitable for immediate occupancy or redevelopment, with flexibility for residential conversion, community facility use, education, wellness, event programming, and other creative commercial concepts, subject to approvals. The property can be sold or leased to qualified operators.
Key Highlights
- 32,800 SF lot with a 17,538 SF existing structure at 36 Emory St. in Jersey City’s West Side corridor
- 17,538 SF building with open floor plates and high ceilings, suitable for renovation, expansion, or adaptive reuse
- Flexible options for redevelopment, including residential conversion, community facility use, education, wellness, or event programming (subject to approvals)
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
—
—
no second resolved use
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
Current Use
Location Intelligence
Trade Area within ½ mile
2,883
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Large lot with a substantial existing structure featuring open floor plates and high ceilings in Jersey City’s West Side corridor.
Where is this church & religious facility located?
The property is located at 36 Emory St 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: 32,800 SF lot with a 17,538 SF existing structure at 36 Emory St. in Jersey City’s West Side corridor; 17,538 SF building with open floor plates and high ceilings, suitable for renovation, expansion, or adaptive reuse; Flexible options for redevelopment, including residential conversion, community facility use, education, wellness, or event programming (subject to approvals)
