Commercial space For Sale in Jersey City, NJ
MLS# : 250011608
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
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 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $667,015 |
| Apatments Sold* (12mo): | 1,089 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| 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 |
