Mixed-Use Building with Retail
For Sale
$899,900
718 W Side Avenue, Jersey City, NJ 07306
MULTI_FAMILY - Jersey City, NJ
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$204.52
Days on Market91
Property Features for 718 W Side Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 5, Basement, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 4
Basement
Walk-Out Access, Full
Directions
718 W Side Ave, Jersey City, NJ 07306
Standard status
Active
APN
06-16401-0000-00070
Size
4,400 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13356
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units
Water source
Public
Building Details
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
George Pavlushkin · License #1324942
(732) 972-1000
Added: Jun 3
Changed: Aug 10
Last Checked: Sep 1 at 7:06PM
MLS# 22616448
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,400-square-foot mixed-use building contains a street-level retail space and two residential apartments. The commercial component measures approximately 1,100 square feet and includes storefront entry, rear yard access, a 9-foot drop ceiling, central air conditioning, and 1.5 bathrooms. Each apartment has three bedrooms and one bathroom. The residential units are occupied on month-to-month leases.
The property includes a walkout basement, separate gas, electric, and water meters, natural gas heat, hot water baseboard heating, and separate heating systems. The roof is maintained, while hot water heaters and furnaces have been replaced. New 3-phase electrical panels support the building. Public water and public sewer serve the property, with the landlord currently paying water and sewer expenses and the retail tenant responsible for 40% of those charges.
Located at 718 W Side Avenue in Jersey City, the property is near shopping, restaurants, transportation, and major commuter routes. The retail space was previously operated as a juice bar and is approved for a retail location, subject to buyer due diligence regarding zoning and permitted uses.
The property includes a walkout basement, separate gas, electric, and water meters, natural gas heat, hot water baseboard heating, and separate heating systems. The roof is maintained, while hot water heaters and furnaces have been replaced. New 3-phase electrical panels support the building. Public water and public sewer serve the property, with the landlord currently paying water and sewer expenses and the retail tenant responsible for 40% of those charges.
Located at 718 W Side Avenue in Jersey City, the property is near shopping, restaurants, transportation, and major commuter routes. The retail space was previously operated as a juice bar and is approved for a retail location, subject to buyer due diligence regarding zoning and permitted uses.
Key Highlights
- 4,400‑square‑foot mixed‑use building on 0.05 acres
- Three units: 1 retail space and 2 residential apartments
- Retail space is approximately 1,100 square feet with 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,468,240
$1.5M
Cap Rate 7%
$1,048,743
$1.0M
Cap Rate 9%
$815,689
$815.7K
Market Conditions
NOI Build-Up for 4,400 SF
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.
Gross rent
$129.4K $29.40/SF
− Vacancy
−$11.9K −$2.70/SF
EGI
$117.5K $26.70/SF
− OpEx
−$44.0K −$10.01/SF
NOI
$73.4K $16.68/SF
Area
Jersey City, NJ
Vacancy
9.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,468,240
Cap Rate 7%
$1,048,743
Cap Rate 9%
$815,689
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,573 @ 7.0% cap · market cap 9.95%
Second Best
Mixed Use
$1.05M
$917.7K – $1.22M
NOI $73,412 @ 7.0% cap · market cap 8.16%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,859 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,797
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit property combines street-level retail with two occupied residential apartments and separate utility metering.
Where is this mixed-use property located?
The property is located at 718 W Side Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 4,400‑square‑foot mixed‑use building on 0.05 acres; Three units: 1 retail space and 2 residential apartments; Retail space is approximately 1,100 square feet with 1.5 bathrooms
