Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    475 Washington Blvd Jersey City, NJ 07310

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Corner retail space in Downtown Jersey City near Newport PATH.

    Property size:
    4,100 SF
    Lot size:
    2.64 Acres

    Property Features for 475 Washington Blvd

    General Information

    Size
    4,100 SF
    Lot size
    2.64 Acres

    We can help!

    Listing Contact
    Robert Mackowski
    Robert Mackowski
    Source: Moodyscre

    Listing Agency: Pierson Commercial Real Estate Listing Agent: Robert Mackowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Corner Retail Space Available

    This prime corner retail space, available for the first time in over 13 years, is located at the intersection of Washington Boulevard and 6th Street in the Newport section of Downtown Jersey City. The location at 475 Washington Boulevard, also known as BLVD 475 Residences, benefits from 523 luxury residential units and shared access with the DoubleTree by Hilton Hotel, which has 198 rooms. The property is situated in an area with a strong daytime population, supported by over 8 million square feet of office space within a few blocks. It is directly behind Hudson Exchange, a master-planned community with over 5,000 proposed residential units; the next phase of 802 units is scheduled for delivery in early 2025. The site is a short 5-minute walk to the Newport PATH Station, which served 3,092,268 annual passengers in 2023, providing 10-minute service to NYC. Additionally, it is a short walk to the Harsimus Cove Light Rail Station, offering service as far south as Bayonne and as far north as Weehawken. The property offers 4,100 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    uPundit (Bike/Boat/Book/etc) Store Santander Bank Branch Bank Monaco Apartment Complex Villa Borghese III Restaurant VB3 Pizzeria Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    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
    -74.0368827
    Latitude
    40.7235072

    Nearby Similar for Lease

    • $2,250 /Mo

      Newly Renovated Retail/Office Space

      Prime Jersey City location with high visibility and flexible layout.
      2321 John F Kennedy Blvd, Jersey City, NJ 07304
      View Details
    • $3,700 /Mo

      Prime Storefront Office/Retail Space

      Storefront office/retail space in high-traffic Jersey City location.
      137 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $1,800 /Mo

      Retail Space on JFK Boulevard

      Ground-level retail space with high visibility and customizable layout.
      2321 John F Kennedy Blvd, Jersey City, NJ 07304
      View Details
    • $3,000 /Mo

      Central Avenue Retail Space Available

      Prime retail space with finished basement in high-traffic area.
      335 Central Ave, Jersey City, NJ 07307
      View Details
    • New
      $2,500 /Mo

      West Bergen Retail Space Available

      Retail space for rent in a high-traffic West Bergen area.
      447 WEST Side Ave, Jersey City, NJ 07305
      View Details
    • $21,875

      Downtown JC Office/Retail Space

      3,500 sq ft commercial space in Downtown Jersey City.
      190 Christopher Columbus Dr, Jersey City, NJ 07302
      View Details
    • $3,300 /Mo

      Journal Square Office Space Available

      1,300 SF office space in vibrant Journal Square, NJ.
      35 Journal Square Plz, Jersey City, NJ 07306
      View Details
    • $12,000 /Mo

      Downtown Jersey City Retail Space

      Prime retail space near Grove Street PATH station.
      139 Christopher Columbus Dr, Jersey City, NJ 07302
      View Details
    • $16,000 /Mo

      Retail Space Near Grove PATH

      Prime retail space in Downtown Jersey City near Grove PATH.
      139 Christopher Columbus Dr, Jersey City, NJ 07302
      View Details
    • $3,500 /Mo

      Renovated Retail Space in Jersey

      Turn-key retail space in a rapidly growing Jersey City neighborhood.
      130 WEST Side Ave, Jersey City, NJ 07305
      View Details
    • $28,000

      Retail Space Near Grove PATH

      Prime retail space in Downtown Jersey City near Grove PATH.
      139 Christopher Columbus Dr, Jersey City, NJ 07302
      View Details
    • $2,500 /Mo

      Retail Space West Side Avenue

      1,000 SQF retail space for rent.
      734 WEST Side Ave, Jersey City, NJ 07306
      View Details

    FAQs

    What type of property is this?
    Retail space - Corner retail space in Downtown Jersey City near Newport PATH.
    Where is this retail space located?
    The property is located at 475 Washington Blvd Jersey City, NJ.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of Washington Boulevard and 6th Street in Downtown Jersey City, available for the first time in over 13 years.; - Shared access with the DoubleTree by Hilton Hotel (198 rooms) within BLVD 475 Residences, a luxury residential building with 523 units.; - Located directly behind Hudson Exchange, a master-planned community with over 5,000 proposed residential units, with 802 units being delivered in early 2025.
    (201) 304-8645 Call to check price and availability
    Request Owner's contact information
    475 Washington Blvd Jersey City, NJ 07310
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    475 Washington Blvd
    Jersey City, NJ 07310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    475 Washington Blvd Jersey City, NJ 07310
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Mackowski
    Robert Mackowski
    (201) 304-8645 (732) 707-6900 (732) 724-4089
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!