Listing Agency: Matthews

Listed By: David Ferber · License #1974915

Source: Crexi

Added: Apr 24 Changed: Sep 2 Last Checked: Aug 30 at 1:05PM

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Investment Insights

Based on property information with market context.

Located at 850 West Side Ave in Jersey City, this multifamily property is being converted into an 18-unit apartment building. The interior has been fully gutted, offering a redevelopment project centered on residential units.

The planned residential offering is identified as 100% free market. The property carries a stated 6.32% cap rate, providing an additional financial metric for evaluation.

Key Highlights

• 18‑unit apartment building conversion
• Fully gutted interior
• 100% free‑market residential units

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Carpet & Flooring Store Nursing Home Pet Store & Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,764

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Fully gutted multifamily conversion configured for free-market residential occupancy.

Where is this apartment building located?

The property is located at 850 West Side Ave Jersey City, NJ.

What are key features of this property?

This property features: 18‑unit apartment building conversion; Fully gutted interior; 100% free‑market residential units