Property profile

240 Duncan Ave Jersey City, NJ 07306

OFF-MARKET
Commercial real estate
Property ID
US59-2922204
0.05 ac lot
Individually Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 0.05 ac (2,000 SF)
Zoning code R-2
APN 06 14702-0000-00026
UPID US59-2922204

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
  • Grocery & Convenience Store Food Market

Location

240 Duncan Ave Jersey City, NJ 07306-6630
Jersey City metro Census 2700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2008
6 recorded transactions
2008
$260,000
2004
Price N/A
2003
$99,000
1993
$23,000
1992
$23,000
1969
Price N/A

Zoning & alternative use

R-2 · Jersey City, NJ
Zoning description

High-Rise Apartments. 1. Minimum 0.5 parking spaces per dwelling unit. 2. Office and Retail Use where permitted: None. 3. A minimum buffer of ten (10) feet is required between on-site parking areas and adjacent R-1 and R…

General category RESIDENTIAL

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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