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Jersey City, NJ 07306
New ListingOverview
Description
Supplements: ... (Read more) The commercial component consists of a well-established deli/superhero retail store generating $1,575 per month plus 40% of the building's water expense, along with a separate garage/office space leased to a contractor for $1,500 per month. The contractor's space includes a full bathroom, creating flexibility for a variety of commercial uses. The residential portion includes two spacious 3-bedroom, 1-bath apartments, currently rented at $1,600 and $1,575 per month, respectively. Both units offer substantial upside with projected market rents of approximately $2,500 per month each, providing investors with an excellent value-add opportunity. Additional highlights include a walkout basement, recently replaced separate utility systems, and a desirable location near parks, transportation, shopping, restaurants, and major commuter routes. Situated directly across from Lincoln Park and minutes from Journal Square PATH, this property benefits from strong tenant demand and long-term appreciation potential. Property Highlights Mixed-use building with 2 commercial spaces and 2 residential units Deli/superhero retail tenant paying $1,575/month plus 40% of water expense Separate garage/office space leased for $1,500/month Full bathroom in garage/office commercial space Two 3-bedroom, 1-bath residential apartments Strong rental upside with projected rents of $2,500/month per unit Walkout basement Separate utilities recently replaced Directly across from Lincoln Park Prime Journal Square location Excellent value-add investment opportunity Rent roll $74,000 per year with value add for $95,000 per year With stable existing income, multiple revenue streams, and significant rental growth potential, this property presents a rare opportunity to acquire a strategically located mixed-use asset in one of Jersey City's most desirable and rapidly growing neighborhoods.
Listing Details MLS# 22616451
Contract Info
- List Price/SqFt
- 209.28
- Property Sub-Type
- Multiple Buildings
- New Construction
- No
Location
- County
- Hudson
- Postal City
- Jersey City
- State
- NJ
- Zip Code
- 07306
- Area/Section
- Heights
- Complex/Subdivision
- None
- Directions
- 266 Duncan Ave Jersey City, NJ 07306
General Property Info
- # Units in Bldg
- 4
- Full Baths
- 4
- Total Baths
- 4
- # Levels
- 3
- Apx SqFt
- 4300
- # Acres
- 0.03
- Lot Dimensions
- 17.2 x 83
- Garage
- Yes
- # Car Garage
- Yes
- Pool
- No
- Waterfront
- No
- Waterview
- No
- Basement
- Yes
Tax and Legal
- Asmnt - Total
- 508500
- Deed Restricted
- No
- Taxes
- 11873
- Tax Year
- 2025
Unit 1
- # Full Baths
- Yes
- # Half Baths
- Yes
- Other Level
- Yes
- Rent
- 3075
Unit 2
- # Bedrooms
- 3
- Bedroom Level
- Yes
- # Full Baths
- Yes
- Other Level
- Yes
- Rent
- 1600
More Information
Unit 3
- # Bedrooms
- 3
- Bedroom Level
- 3
- # Full Baths
- Yes
- Rent
- 1575
Remarks & Misc
- Excluded
- Tenants and business personal belongings
Showing
- Showing Time
- Yes
Water/Sewer
- Public Sewer
- Yes
- Public Water
- Yes
Basement
- Full
- Yes
- Walk-Out Access
- Yes
Cooling
- Multi Units
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Baseboard
- Yes
Assessment Status
- Assessed
- Yes
Tenant Pays
- Water
- Yes
Property Features
