Four-Story Mixed-Use
424 Baldwin Ave, Jersey City, NJ 07306
For Sale
Contact for pricing
Three-bedroom apartments are arranged above a vacant commercial suite, with residential occupancy options at closing.
Property Size4,725 SF
Lot Size0.03 Acres
Price / SF$264.55
Days on Market40
Property Features for 424 Baldwin Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Grid Real Estate LLC
Listed By:
Gregory Edgell · License #NJ 1541991
(973) 610-5145
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 2:46PM
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 Grid Real Estate LLC
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Investment Insights
Based on property information with market context.
The four-level mixed-use property contains approximately 4,725 GSF, with three 3-bedroom/1-bath apartments above a garden-level retail or office suite. The ground-floor space is vacant. The building may be transferred vacant or with its residential tenants in place; two apartments are currently occupied. The property is not subject to rent control.
The building occupies a 28' x 50' parcel totaling 1,400 SF and is zoned RC-3.
The building occupies a 28' x 50' parcel totaling 1,400 SF and is zoned RC-3.
Key Highlights
- Four‑story building with approximately 4,725 GSF
- Three 3‑bedroom/1‑bath apartments above garden‑level retail or office space
- Ground‑floor commercial suite is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,190
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,923,800
$1.9M
Cap Rate 7%
$1,374,143
$1.4M
Cap Rate 9%
$1,068,778
$1.1M
Market Conditions
NOI Build-Up for 4,725 SF
Gross rent
$183.7K $38.88/SF
− Vacancy
−$8.8K −$1.87/SF
EGI
$174.9K $37.01/SF
− OpEx
−$78.7K −$16.66/SF
NOI
$96.2K $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 Rate 5%
$1,923,800
Cap Rate 7%
$1,374,143
Cap Rate 9%
$1,068,778
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,190 @ 7.0% cap · market cap 7.70%
Second Best
Mixed Use
$1.13M
$985.4K – $1.31M
NOI $78,834 @ 7.0% cap · market cap 6.31%
Theoretical Best
Multifamily LT 5
$1.53M
$1.34M – $1.79M
NOI $107,234 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,910
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 31%
Dining 14%
Electronics 9%
Stop & Shop
Groceries
28,981 visits/mo
0.5 miles
7-Eleven
Shops & Services
16,621 visits/mo
0.3 miles
Exxon
Shops & Services
16,543 visits/mo
0.4 miles
T-Mobile
Electronics
8,240 visits/mo
0.5 miles
Dunkin' Donuts
Dining
5,294 visits/mo
0.4 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
Properties on Market for Mixed-use properties in Jersey City
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-bedroom apartments are arranged above a vacant commercial suite, with residential occupancy options at closing.
Where is this mixed-use property located?
The property is located at 424 Baldwin Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑story building with approximately 4,725 GSF; Three 3‑bedroom/1‑bath apartments above garden‑level retail or office space; Ground‑floor commercial suite is vacant
