593 Ocean Ave Jersey City, NJ 07305

This exceptional mixed-use property at 593 Ocean Avenue in Jersey City, New Jersey, presents a compelling investment opportunity. The 2-story brick building, constructed in 1920, boasts a total of 2,973 square feet and is currently 100% occupied, generating a strong net operating income (NOI) of $61,799, representing a 6.87% capitalization rate. The asking price is $899,000, translating to $302.39 per square foot. The building comprises four units: two commercial spaces on the ground floor and two residential units on the second floor. A separate structure on the property includes four garages and a storage unit, adding significant value and potential rental income. All units have separate utilities, simplifying management and maximizing efficiency. Located in the desirable 07305 zip code of Hudson County, this property benefits from a prime Jersey City location with excellent access to transportation and amenities. The well-maintained condition and high occupancy rate make this a low-risk, high-reward investment with significant upside potential. This is a rare opportunity to acquire a fully leased, mixed-use property in a thriving urban market.