Technical
Financial
Distress signals
Property profile

371 Central Ave Jersey City, NJ 07307

OFF-MARKET
Commercial real estate
Property ID
US59-1564296
0.06 ac lot Built 1900
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction BRICK
Lot 0.06 ac (2,800 SF)
Zoning code R-2
APN 06 02803-0000-00026
UPID US59-1564296

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
  • Gym & Fitness Center
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy

Location

371 Central Ave Jersey City, NJ 07307-2827
Jersey City metro Census 600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2020
4 recorded transactions
2021
Price N/A
2020
$1.7M
2014
Price N/A
2014
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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