Property profile

361 2nd St Jersey City, NJ 07302

OFF-MARKET
Commercial real estate
Property ID
US59-0657782
0.06 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 0.06 ac (2,500 SF)
Zoning code R-2
APN 06 11005-0000-00013
UPID US59-0657782

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
  • Spa & Massage Center

Location

361 2nd St Jersey City, NJ 07302-2625
Jersey City metro Census 2200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2017
7 recorded transactions
2019
Price N/A
2019
Price N/A
2017
$1.2M
2015
$775,000
2014
Price N/A
1969
Price N/A
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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