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206 Van Vorst St Jersey City, NJ 07302

OFF-MARKET Specialty properties Google Maps
14,000 SF
Estimated value
No estimation on file for this property yet.
Property ID US59-1838673

Property summary

AI-generated overview

This stunning, 14,000-square-foot office building, located in the desirable Paulus Hook neighborhood of Jersey City, presents a unique leasing opportunity. Previously the global headquarters of a NASDAQ-listed electrical manufacturing company, the property boasts a meticulously designed layout ideal for medical, traditional, or creative office uses. The building underwent a complete renovation in 2018. The space is configured as a single-tenant occupancy, offering two identical floor plates, each approximately 7,000 square feet. Each floor features multiple ADA-compliant bathrooms, expansive window lines providing abundant natural light, and sleek glass office suites. The building's convenient location offers easy access to public transportation, situated just 0.3 miles from the Grove Street PATH station and 0.8 miles from Exchange Place. This turnkey space is ready for immediate occupancy and represents a rare opportunity to secure a high-quality, well-appointed office building in a prime Jersey City location. The property is classified as Office, Special Purpose, and Retail, offering versatility for a range of business needs. The building's modern design and prime location make it an exceptional choice for discerning tenants seeking a sophisticated and functional workspace.

Property profile

Verified
Property type Specialty properties
Total area 14,000 SF
UPID US59-1838673

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility
  • Parking Lot & Garage
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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