1049 Side AveJersey City, NJ 07306

Property Details for 1049 Side Ave

Construction

BRICK

Lot size

0.06 AC

Zone code

R-2

Property type

Other commercial real estate

APN

06 09205-0000-00013

APU

609205000000013

Description

This exceptional mixed-use property in Jersey City, NJ, presents a compelling investment opportunity. Located at 1049 West Side Avenue, this well-maintained building boasts a prime corner location just blocks from Journal Square and significant new developments, ensuring strong future growth potential. The property features five residential units, all currently occupied, generating a 100% occupancy rate and a substantial net operating income (NOI) of $79,282, resulting in a 5% capitalization rate. Adding to the income stream is a ground-floor commercial tenant with a lease extending until 2026, providing long-term stability and predictable revenue. Two additional income-generating sources are the two garage parking spaces available for rent. The building's excellent condition and stable tenant mix contribute to its strong cash flow and make it an ideal investment for long-term growth and passive income. This is a rare opportunity to acquire a well-positioned, high-performing asset in a rapidly developing area of Jersey City. The asking price is $1,585,000.

• Alternative Use

  Use

  Valuation

  Residential

  $465,528

  Hospitality

  $426,421

  Educational

  $354,778

  Medical

  $366,979

  Retail

  $551,876

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7352

Longitude

-74.0712

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].