Mixed-Use Building with
722 W Side Avenue Jersey City, NJ 07306
722 W Side Avenue, Jersey City, NJ, 07306
$899,900
Pending
For Sale
$899,900
Pending
MULTI_FAMILY - Jersey City, NJ
Property Size4,400 SF
Lot Size0.05 Acres
Days on Market46
Property Features for 722 W Side Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4
- Basement
- Full
- Standard status
- Pending
- APN
- 06-16401-0000-00072
- 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
(732) 972-1000
520 HWY 9 N, Manalapan, NJ
Listed by
George Pavlushkin · License #1324942
(732) 972-1000
Added: Jun 3 Checked: Jul 18 at 10:06 am
MLS# 22616449
Listing URL
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 well-maintained mixed-use building includes one ground-floor retail space operating as a pizzeria and two residential apartments above. The residential layout features two spacious three-bedroom, one-bath units, one of which is recently renovated and currently vacant for immediate leasing opportunities. The property has completed a number of improvements, including upgraded electrical service, a renovated bathroom, and updated residential finishes. For safety and monitoring, the building is connected to a central fire and safety monitoring system, and it has three separate utility meters in place. Heat is currently paid by the landlord.
The commercial unit is occupied and generating $3,600 per month, with 3% annual rent increases described in the offering. The pizzeria contributes 70% of the building’s water expense, supporting stable operating income. The residential portion includes one unit currently rented at $1,584 per month, with an estimated market rent of approximately $2,700 per month, and a second renovated unit projected to lease at $2,500+ per month according to the provided figures.
For investors, this configuration offers a straightforward mixed-use cash-flow setup with a long-term tenant base in the retail component and meaningful value-add potential in the apartment mix. Buyers looking for an owner-managed or investment hold scenario may find the combination of an established commercial tenant, renovated residential finishes, and measurable rental upside especially compelling.
The commercial unit is occupied and generating $3,600 per month, with 3% annual rent increases described in the offering. The pizzeria contributes 70% of the building’s water expense, supporting stable operating income. The residential portion includes one unit currently rented at $1,584 per month, with an estimated market rent of approximately $2,700 per month, and a second renovated unit projected to lease at $2,500+ per month according to the provided figures.
For investors, this configuration offers a straightforward mixed-use cash-flow setup with a long-term tenant base in the retail component and meaningful value-add potential in the apartment mix. Buyers looking for an owner-managed or investment hold scenario may find the combination of an established commercial tenant, renovated residential finishes, and measurable rental upside especially compelling.
Key Highlights
- Mixed‑use building with 1 ground‑floor retail unit (pizzeria) and 2 residential apartments
- Pizzeria tenant pays $3,600/month with 3% annual rent escalations
- Commercial tenant pays 70% of the building’s water expense; heat is paid by the landlord
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.4k | $29.40 |
| − Vacancy | −$11.9k | −$2.70 |
| EGI | $117.5k | $26.70 |
| − OpEx | −$44.0k | −$10.01 |
| NOI | $73.4k | $16.68 |
4,400 SF · lease $29.40/SF/yr · vacancy 9.20% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pompei Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully occupied pizzeria and two residential apartments create immediate income with upside from vacant and below-market units.
Where is this mixed-use property located?
The property is located at 722 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: Mixed‑use building with 1 ground‑floor retail unit (pizzeria) and 2 residential apartments; Pizzeria tenant pays $3,600/month with 3% annual rent escalations; Commercial tenant pays 70% of the building’s water expense; heat is paid by the landlord
