Mixed-Use Building with
453 Central Avenue Jersey City, NJ 07307
453 Central Avenue, Jersey City, NJ, 07307
$1,200,000
Pending
For Sale
$1,200,000
Pending
Building on an 18.4-by-95-foot lot with ground-floor office space and two apartments above.
Property Size3,000 SF
Lot Size0.04 Acres
Days on Market132
Property Features for 453 Central Avenue
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use
Listing agency
Compass
(908) 433-7999
Listed by
Andrew Botticelli · License #0121065
(908) 433-7999
Source
Compass
Added: Mar 13 Updated: Jul 21 at 6:48PM Checked: Jul 21 at 6:48PM
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 Compass
Investment Insights
Based on property information with market context.
This mixed-use property includes a real estate office on the ground level with two apartments located above. The building is situated on an 18.4-by-95-foot lot, offering an existing setup that can support retail or residential development opportunities, subject to applicable approvals.
The property is located at 453 Central Avenue in Jersey City, New Jersey.
As currently configured, the building provides a practical live-and-work style layout with commercial space downstairs and residential units upstairs.
The property is located at 453 Central Avenue in Jersey City, New Jersey.
As currently configured, the building provides a practical live-and-work style layout with commercial space downstairs and residential units upstairs.
Key Highlights
- 18.4‑by‑95‑foot lot with ground‑floor office space and two apartments above
- Building includes 3 total baths (2 full baths and 1 half bath)
- Main bedrooms total 6 across the apartments
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.6k | $34.20 |
| − Vacancy | −$5.3k | −$1.78 |
| EGI | $97.3k | $32.42 |
| − OpEx | −$29.2k | −$9.73 |
| NOI | $68.1k | $22.70 |
3,000 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$972.6K
$851.1K – $1.13M
NOI $68,085 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$872.5K
$763.4K – $1.02M
NOI $61,073 @ 7.0% cap · market cap 5.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Salerno Salumeria Deli
Food Market
MP Bookkeeping & Accounting ...
Accounting Firm
Manuel A. Sanchez: Broker-Associate ...
Real Estate Agency
Homes By Preferred ...
Real Estate Agency
Manuel Sanchez: Homes ...
Real Estate Agency
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FAQs
What type of property is this?
Mixed-use property - Building on an 18.4-by-95-foot lot with ground-floor office space and two apartments above.
Where is this mixed-use property located?
The property is located at 453 Central Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 18.4‑by‑95‑foot lot with ground‑floor office space and two apartments above; Building includes 3 total baths (2 full baths and 1 half bath); Main bedrooms total 6 across the apartments
