4 Jordan Ave 8102 Jersey City, NJ 07306-7307

This exceptional mixed-use investment opportunity in Jersey City, NJ, presents a compelling value-add proposition. Located at 4 Jordan Ave, this fee-simple property boasts a prime location in the thriving McGinley Square section, characterized by high demand and low supply. The 3,500 square foot building, constructed in 2007, comprises four units: one retail condo and three residential condos, all currently 100% occupied, generating a stable income stream. The property features modern amenities including a sprinkler system, central heating and cooling, and hardwood floors. With a current NOI of $64,163 and a pro-forma NOI of $95,963, this property offers a 3.84% pro-forma cap rate. The asking price is $2,500,000, translating to $714.29 per square foot. The property sits on a lot sized between 3,270 and 3,275 square feet and is zoned for commercial use. This is a rare opportunity for investors seeking a strong return on investment in a rapidly appreciating market. The property is offered as a 1031 exchange eligible opportunity. A 48-hour notice is required for showings, and proof of funds must accompany any offer. This three-story building offers a unique blend of retail and residential space, making it an ideal investment for both short-term and long-term growth.