Mixed-Use Investment Property with
Jersey City, NJ 07306 Jersey City, NJ 07306
Jersey City, NJ, 07306
$899,900
Pending
For Sale
$899,900
Pending
MULTI_FAMILY - Jersey City, NJ
Property Size4,300 SF
Lot Size0.03 Acres
Days on Market46
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bathroom 3
- Basement
- Full, Walk-Out Access
- Standard status
- Pending
- Size
- 4,300 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11873
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Floors in Building
- 3
- Number of units
- 4
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# 22616451
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 mixed-use property combines retail and residential income in a single, well-configured building. The commercial component includes a well-established deli/superhero retail space generating $1,575 per month plus 40% of the building’s water expense, along with a separate garage/office space leased to a contractor for $1,500 per month. That garage/office space includes a full bathroom, adding flexibility for compatible commercial uses. The residential portion offers two 3-bedroom, 1-bath apartments, currently rented at $1,600 and $1,575 per month. Additional physical highlights include a walkout basement and recently replaced separate utility systems.
Located in the Journal Square section of Jersey City, the property sits directly across from Lincoln Park and is minutes from the Journal Square PATH. The surrounding area provides convenient access to parks, transportation, shopping, restaurants, and major commuter routes, supporting continued tenant demand.
For investors, the asset offers multiple revenue streams with in-place income now and projected upside through value-add rents. The residential units show clear growth potential with projected market rents of approximately $2,500 per month each. With stable existing cash flow, a separate utility setup, and a flexible commercial layout, this is a compelling opportunity for an investor seeking a strategically positioned mixed-use building with room to enhance performance.
Located in the Journal Square section of Jersey City, the property sits directly across from Lincoln Park and is minutes from the Journal Square PATH. The surrounding area provides convenient access to parks, transportation, shopping, restaurants, and major commuter routes, supporting continued tenant demand.
For investors, the asset offers multiple revenue streams with in-place income now and projected upside through value-add rents. The residential units show clear growth potential with projected market rents of approximately $2,500 per month each. With stable existing cash flow, a separate utility setup, and a flexible commercial layout, this is a compelling opportunity for an investor seeking a strategically positioned mixed-use building with room to enhance performance.
Key Highlights
- Mixed‑use property with 2 commercial spaces and 2 residential apartments
- Deli/superhero retail tenant pays $1,575/month plus 40% of building water expense
- Separate garage/office space leased to a contractor for $1,500/month, including a full bathroom
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 | $126.4k | $29.40 |
| − Vacancy | −$11.6k | −$2.70 |
| EGI | $114.8k | $26.70 |
| − OpEx | −$43.0k | −$10.01 |
| NOI | $71.7k | $16.68 |
4,300 SF · lease $29.40/SF/yr · vacancy 9.20% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.63M
NOI $97,589 @ 7.0% cap · market cap 10.84%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,538 @ 7.0% cap · market cap 9.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with two income-producing commercial spaces and two residential apartments, positioned for strong value-add rent growth.
Where is this mixed-use property located?
The property is located at 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 property with 2 commercial spaces and 2 residential apartments; Deli/superhero retail tenant pays $1,575/month plus 40% of building water expense; Separate garage/office space leased to a contractor for $1,500/month, including a full bathroom
