Retail Space with Outdoor
New
For Sale
Contact for pricing
635 NEWARK AVE JC, Jersey City, NJ 07306
In-line retail space includes private restrooms, central heating and air conditioning, and access to a rear yard.
Property Size1,476 SF
Price / SF$3.83
Days on Market7
Property Features for 635 NEWARK AVE JC
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Retail
Additional Details
Patio
Yes
Amenities
central heating and air conditioning
private restrooms
Building Details
Tenancy
Multi
Listing Agency:
HP PROPERTIES
Listed By:
JUNIO FERMIN · License #9910976
(201) 751-5111
Source:
Propertiesbysouthern
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 4:02PM
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 HP PROPERTIES
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Investment Insights
Based on property information with market context.
The 1,476-square-foot retail space is configured in-line with other retail and includes high ceilings, central heating and air conditioning, and private restrooms. The space also has access to an approximately 1,500-square-foot outdoor area. Tenant customization of the yard is subject to landlord and building approval.
Located at 635 Newark Avenue in Jersey City’s Journal Square, the property offers indoor retail space alongside a sizable outdoor area.
Located at 635 Newark Avenue in Jersey City’s Journal Square, the property offers indoor retail space alongside a sizable outdoor area.
Key Highlights
- 1,476‑square‑foot in‑line retail space
- Approximately 1,500 square feet of outdoor area
- High ceilings, central heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,391
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,820
$487.8K
Cap Rate 7%
$348,443
$348.4K
Cap Rate 9%
$271,011
$271.0K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$38.1K $25.80/SF
− Vacancy
−$3.2K −$2.19/SF
EGI
$34.8K $23.61/SF
− OpEx
−$10.5K −$7.08/SF
NOI
$24.4K $16.52/SF
Area
Jersey City, NJ
Vacancy
8.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,820
Cap Rate 7%
$348,443
Cap Rate 9%
$271,011
Alternative Uses
Best Use
Specialty Retail
$415.6K
$363.7K – $484.9K
NOI $29,095 @ 7.0% cap · market cap 514.59%
Second Best
Retail
$348.4K
$304.9K – $406.5K
NOI $24,391 @ 7.0% cap · market cap 431.39%
Theoretical Best
Multifamily LT 5
$478.5K
$418.7K – $558.3K
NOI $33,498 @ 7.0% cap · market cap 592.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,826
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 46%
Apparel 4%
Electronics 2%
White Castle
Dining
27,307 visits/mo
0.3 miles
McDonald's
Dining
20,888 visits/mo
0.4 miles
7-Eleven
Shops & Services
16,621 visits/mo
0.2 miles
Dunkin' Donuts
Dining
13,894 visits/mo
0.2 miles
Chase Bank
Shops & Services
11,854 visits/mo
0.3 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - In-line retail space includes private restrooms, central heating and air conditioning, and access to a rear yard.
Where is this retail space located?
The property is located at 635 NEWARK AVE JC Jersey City, NJ.
What are key features of this property?
This property features: 1,476‑square‑foot in‑line retail space; Approximately 1,500 square feet of outdoor area; High ceilings, central heating and air conditioning
