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    463 MALLORY AVE JC, Jersey City, NJ 07306

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    New
    For Sale
    $1,499,900

    Contemporary, 2 Family - JC, Journal Square, NJ

    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 463 MALLORY AVE JC

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    8
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Interior features
    All appliances included
    Standard status
    Active

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Architectural style
    Contemporary

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    Listing Contact
    DENNIS MCGILL 3RD

    Listing agent DENNIS MCGILL 3RD License #1643530

    Listing office WEICHERT REALTORS 273 GROVE ST, Jersey City, NJ

    Listing date Jun 4, 2026

    MLS# 260010762 Listing URL

    Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction 2‑family plus ADU property with rear 1BD/1.5BA accessory dwelling unit
    • Front building includes two residences, each with 3 bedrooms and 2.5 bathrooms plus a dedicated home office
    • Contemporary design with brick construction, central air cooling, and natural gas heating
    • All appliances included
    • Property is still under construction; buyers can select finishes if they act fast

    Overview

    New construction is underway at 463 Mallory Ave, featuring a front two-family configuration plus a rear accessory dwelling unit (ADU). Each front residence is designed with three bedrooms and 2.5 bathrooms, along with a dedicated home office. The layouts are planned around open-concept living spaces and modern, contemporary finishes, including kitchen areas set up for everyday functionality. Private en-suite primary bathrooms are included in each front unit, and additional powder rooms are provided for guest convenience.

    The ADU at the rear offers a separate one-bedroom, 1.5-bath plan, supporting flexible living or rental use. The property is described as being in the heart of Journal Square, with proximity to Journal Square PATH, shopping, dining, parks, and major transportation routes. The offering notes that the build is still under construction, and that a buyer may be able to select finishes if they act quickly.

    This configuration can suit owner-occupants who want to live in one of the front units while having an additional unit for income, or investors seeking a compact multi-family setup with three distinct residential plans. With dedicated office space in both front residences and a separate rear ADU, the property also fits tenants and buyers looking for adaptable use cases within a contemporary new-build footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.080173
    Latitude
    40.7297163

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    FAQs

    What type of property is this?
    Duplex - Contemporary new construction two-family with a rear 1-bedroom ADU, currently under construction with finish selections available.
    Where is this duplex located?
    The property is located at 463 MALLORY AVE JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $1,499,900.
    What are key features of this property?
    This property features: New construction 2‑family plus ADU property with rear 1BD/1.5BA accessory dwelling unit; Front building includes two residences, each with 3 bedrooms and 2.5 bathrooms plus a dedicated home office; Contemporary design with brick construction, central air cooling, and natural gas heating
    (201) 333-4443
    We can help!
    Listing Contact
    DENNIS MCGILL 3RD
    Real Estate License ID: 1643530
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    463 MALLORY AVE, JC, Journal Square, NJ 07306
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