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 Market92
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
Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 3
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
Amenities
rear yard access
walkout basement
central air
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) 984-8300
Added: Jun 3
Changed: Sep 1
Last Checked: Sep 2 at 5:06AM
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 mixed-use property contains 4,400 square feet across three units: a street-level retail space and two residential apartments. The storefront includes approximately 1,100 square feet, 1.5 bathrooms, a 9-foot drop ceiling, central air conditioning, storefront entry, and access to a rear yard. The residential units are each configured with three bedrooms and one bathroom and are occupied under month-to-month leases.
Building systems include separate gas, electric, and water meters, natural gas heat, baseboard heating, and individual heating systems. Additional improvements include a walkout basement, maintained roof, replaced hot water heaters, updated furnaces, and brand-new 3-phase electrical panels. Public water and sewer serve the property. The address is near shopping, restaurants, transportation, and major commuter routes in Jersey City.
Building systems include separate gas, electric, and water meters, natural gas heat, baseboard heating, and individual heating systems. Additional improvements include a walkout basement, maintained roof, replaced hot water heaters, updated furnaces, and brand-new 3-phase electrical panels. Public water and sewer serve the property. The address is near shopping, restaurants, transportation, and major commuter routes in Jersey City.
Key Highlights
- 4,400‑square‑foot mixed‑use building with 1 retail unit and 2 residential units
- Street‑level retail space measures approximately 1,100 SF and includes 1.5 bathrooms
- Two residential apartments, each with 3 bedrooms and 1 bathroom
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
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,859 @ 7.0% cap · market cap 11.10%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,573 @ 7.0% cap · market cap 9.95%
Theoretical Best
—
—
same as Best Use
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 with 1 retail unit and 2 residential units; Street‑level retail space measures approximately 1,100 SF and includes 1.5 bathrooms; Two residential apartments, each with 3 bedrooms and 1 bathroom
