Mixed-Use Building with Medical
95 Coles St, Jersey City, NJ 07302
For Sale
$3,200,000
Three residential units sit above a medical office, with private outdoor space and a two-car garage.
Property Size5,200 SF
Price / SF$615.38
Days on Market32
Property Features for 95 Coles St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Office Units
Additional Details
Public Transit
Amenities
private balconies
massive rooftop deck
Building Details
Buildings
Construction
Tenancy
Listing Agency:
HOME STAR REALTY INC.
Listed By:
MERCEDITA SERRANO-MARASIGAN
(201) 347-6855
Source:
Exprealty
Added: Oct 14
Changed: Nov 14
Last Checked: Nov 14 at 6:35AM
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 HOME STAR REALTY INC.
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Investment Insights
Based on property information with market context.
At 95 Coles Street, this detached, 5,200-square-foot mixed-use building pairs a ground-floor medical office with three matching residential apartments. Each apartment has two bedrooms and two bathrooms, open-plan interiors, and a private balcony. A rooftop deck and private garage with parking for two cars round out the building’s amenities.
The property stands alongside the Sixth Street Embankment in downtown Jersey City. Grove Street PATH is a six-minute walk away, with Hamilton Park and Newark Avenue Plaza nearby.
The property stands alongside the Sixth Street Embankment in downtown Jersey City. Grove Street PATH is a six-minute walk away, with Hamilton Park and Newark Avenue Plaza nearby.
Key Highlights
- 5,200‑square‑foot detached mixed‑use building alongside the Sixth Street Embankment
- Ground‑floor medical office with three two‑bedroom, two‑bathroom apartments above
- Three matching apartments feature open layouts and private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,859
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,117,180
$2.1M
Cap Rate 7%
$1,512,271
$1.5M
Cap Rate 9%
$1,176,211
$1.2M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$202.2K $38.88/SF
− Vacancy
−$9.7K −$1.87/SF
EGI
$192.5K $37.01/SF
− OpEx
−$86.6K −$16.66/SF
NOI
$105.9K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,117,180
Cap Rate 7%
$1,512,271
Cap Rate 9%
$1,176,211
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,859 @ 7.0% cap · market cap 3.31%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,584 @ 7.0% cap · market cap 2.83%
Theoretical Best
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,015 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,186
Businesses Nearby
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Business Placement
Demographics for 07302, NJ
57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value
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Market
Properties on Market for Mixed-use properties in Jersey City
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units sit above a medical office, with private outdoor space and a two-car garage.
Where is this mixed-use property located?
The property is located at 95 Coles St Jersey City, NJ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 5,200‑square‑foot detached mixed‑use building alongside the Sixth Street Embankment; Ground‑floor medical office with three two‑bedroom, two‑bathroom apartments above; Three matching apartments feature open layouts and private balconies
