Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    169 Monticello Ave, Unit JC Jersey City, NJ 07304
    Property profile & analytics

    169 Monticello Ave, Unit JC Jersey City, NJ 07304

    View on Map
    • Office properties & Spaces
    • 2,170 SF
    • 0.15 lot acres
    For Lease
    $3,500/Mo
    View Listing →
    Journal Square Commercial Opportunity For Lease
    $3,500/Mo

    Journal Square Commercial Opportunity

    Versatile commercial space in a rapidly developing neighborhood.

    Jersey City, NJ 7304
    View Listing
    Property ID
    US59-1935138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $505,000
    Cap Rate Potential
    9.1%
    Office properties & Spaces
    Location Intelligence

    Current Use by Public Records

    • Gem Auto Lease / Car Dealership
    • AMM Property Management / Property Management Company
    • AAM Security Services / Security Service
    • Boujee Photo Booth / Photography Service / Party Supply Store
    • Global E-Marketing & Communications LLC / Advertising Agency / Marketing & Advertising

    Property Details for 169 Monticello Ave

    Year built
    2011
    Lot size
    0.15 lot acres
    Property size
    2,170 SF
    Property type
    Office properties & Spaces
    APN
    06 16702-0000-00028-0000-C8001
    APU
    06167020000000280000C8001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $510,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $662,000
      Market price range: $522k - $1.97M
      AI Estimate
      $491,000
      Market price range: $492k - $1.19M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0709
    Latitude
    40.7205
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,231
    $258,000
    $152,800
    $410,800
    -
    $258,000
    $152,800
    $410,800

    Comparable in this City

    • Value Estimation by Request
      639 SF

      673 Bergen Ave, Unit 8001

      CONDOMINIUM OFFICES • 639 SF
      673 Bergen Ave, Jersey City, NJ 07304-2645
      View Details
    • Value Estimation
      $865,000
      3,698 SF

      2520 John F Kennedy Blvd, Unit 8002

      CONDOMINIUM OFFICES • 3,698 SF
      2520 John F Kennedy Blvd, Jersey City, NJ 07304-2054
      View Details
    • Value Estimation by Request
      972 SF

      2520 John F Kennedy Blvd, Unit 8003

      CONDOMINIUM OFFICES • 972 SF
      2520 John F Kennedy Blvd, Jersey City, NJ 07304-2054
      View Details
    • Value Estimation by Request
      615 SF

      588 Side Ave, Unit 8003

      CONDOMINIUM OFFICES • 615 SF
      588 Side Ave, Jersey City, NJ 07304-1710
      View Details
    • Value Estimation
      $645,000
      1,210 SF

      388 Communipaw Ave, Unit 8001

      CONDOMINIUM OFFICES • 1,210 SF
      388 Communipaw Ave, Jersey City, NJ 07304-3646
      View Details
    • Value Estimation
      $665,000
      2,950 SF

      2520 John F Kennedy Blvd, Unit 8001

      CONDOMINIUM OFFICES • 2,950 SF
      2520 John F Kennedy Blvd, Jersey City, NJ 07304-2054
      View Details

    Similar Nearby for Sale

    • $1,799,000

      Mixed-Use Brownstone in Vibrant Neighborhood

      Vacant mixed-use brownstone with residential and commercial spaces.
      310 Pacific Ave, Jersey City, NJ 07304
      View Details
    • $999,000

      Mixed-Use Building Near Journal Square

      Mixed-use building with potential for expansion near Journal Square.
      2403 John F Kennedy Blvd, Jersey City, NJ 07304
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Jersey City

      0.07-acre parcel ideal for mixed-use or vertical redevelopment.
      28-30 Harmon St, Jersey City, NJ 07304
      View Details
    • Contact for pricing
      38,500 SF

      Multifamily Opportunity: 31% Upside

      Multifamily property with potential for increased value.
      35 Kensington Ave, Jersey City, NJ 07304
      View Details
    • $125,000

      Established Cafe Business Opportunity

      Thriving Jersey City cafe with indoor and outdoor seating.
      80 Mallory Ave, Jersey City, NJ 07304
      View Details

    Similar Nearby for Lease

    • $30,000

      West Side Redevelopment Opportunity

      Large lot suitable for redevelopment or immediate occupancy.
      36 Emory St, Jersey City, NJ 07304
      View Details
    • Contact for pricing

      Prime Corner Retail Space Available

      2,404 SF corner commercial space in growing Bergen-Lafayette.
      342 Johnston Ave, Jersey City, NJ 07304
      View Details
    • $3,500 /Mo

      Versatile Office Suite in Jersey

      Professionally designed office suite in the heart of Jersey City.
      47 Kensington Ave, Jersey City, NJ 07304
      View Details
    • $3,500 /Mo

      Journal Square Commercial Opportunity

      Versatile commercial space in a rapidly developing neighborhood.
      169 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $3,500 /Mo

      Versatile Office Space Available

      Highly visible office space with flexible layout in Jersey City.
      596 2Nd St, Jersey City, NJ 07304
      View Details
    • $1,800 /Mo
      500 SF

      Jersey City Office Space

      Office space available for rent in Jersey City, NJ.
      85 Monticello Ave, Jersey City, NJ 07304
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    169 Monticello Ave, Unit JC
    Jersey City, NJ 07304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    169 Monticello Ave, Jersey City, NJ, 07304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!