Technical
Financial
Distress signals
Property profile

398 Central Ave Jersey City, NJ 07307

OFF-MARKET
Commercial real estate
Property ID
US59-3079210
8,761 SF 0.08 ac lot Built 1905
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1905
Construction BRICK
Total area 8,761 SF
Lot 0.08 ac (3,275 SF)
Zoning code R-2
APN 06 02201-0000-00011
UPID US59-3079210

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
  • Cafe & Coffee Shop
  • Restaurant

Location

398 Central Ave Jersey City, NJ 07307-2861
Jersey City metro Census 700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.38M

Owner & transaction history

since 2013
7 recorded transactions
2025
Price N/A
2013
$950,000
2012
$100
2006
$900,000
2002
$330,000
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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