Commercial space For Sale in Jersey City, NJ
 

MLS# : 250011608

Street : 770 WESTSIDE AVE
Price : $2,599,000
Town : Jersey City, NJ 07306
Annual Taxes : $31,810

PROPERTY DETAILS

PROPERTY DESCRIPTION

Introducing 770 Westside Avenue, a highly desirable mixed-use commercial building located in the heart of vibrant and fast-growing Jersey City. This well-maintained income-producing property features 8 residential units and 2 fully leased commercial spaces, including a popular hair salon and a long-established, stable pharmacy. Offering an impressive 7% cap rate, this turnkey asset presents a solid opportunity for investors seeking reliable cash flow and long-term value. The property benefits from high foot traffic, excellent visibility, and proximity to public transportation, major highways, schools, and retail amenities. With strong rental income from both residential and commercial tenants, 770 Westside Avenue is the perfect addition to any real estate investment portfolio.

Amenities

This listing is a courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
201-768-9300 office, listing agent ALEXANDER FAYN

About Jersey City, NJ Real Estate Market

With an area of 21.13 square miles and a population of more than 290,000, Jersey City is one of the largest cities in the USA and the second-most populous city in New Jersey after Newark. A part of Hudson County from New Jersey and the New York metropolitan area, Jersey City is present on the west of Hackensack River, on a peninsula known as Bergen Neck.

Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.

Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
Population:  267,345
Total Housing Units:  104,018
Single Family Homes:  36,684
Apartments:  67,334
General Tax Rate (2023):  2.246%
Effective Tax Rate (2023):  1.944%
Compare To Other Towns

Jersey City Market Indicators

PRICE INDEX

Average Price* (12mo):  $715,928
Homes Sold* (12mo):  228
PRICE INDEX
SINGLE FAMILY HOME SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $667,015
Apatments Sold* (12mo):  1,089
PRICE INDEX
APARTMENT SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.246%
Effective Tax Rate (2023):  1.944%
GENRAL TAX RATE - Jersey City, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-724-6913 (cell)

Madisom Adams Sales Associate Carmela Maggio


Licensed as Marek Zagorski
Broker
201-478-3185 (cell)

Madisom Adams Broker Marek Zagorski


Sales Associate
914-261-6031 (cell)

Madisom Adams Sales Associate Georgine Addeo


Real estate inventory
Jersey City
Homes : $350,000 - 3,495,000 64
Condos : $150,000 - 4,148,000 504
Co-ops : $485,000 - 739,000 4
Twnhs : $369,000 - 2,099,000 9
2-4 Fam : $475,000 - 3,495,000 123
5+ Fam : $1,299,999 - 1,650,000 2
Land : $299,000 - 7,500,000 22
Rentals : $1,750 - 16,500 51
Mixd Use : $649,999 - 2,599,000 6
Com S : -
Com L : -
Biz : $60,000 - 2,000,000 6


Similar Listings in Jersey City

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 06/19/2025 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2025 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com