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1017 Westside Ave 2,277 SF Specialty Building Offered at $895,000 at a 6.78% Cap Rate in Jersey City, NJ 07306
INVESTMENT HIGHLIGHTS
- Very close proximity to Manhattan
EXECUTIVE SUMMARY
Investment property. 100% leased.
1017 West Side Avenue is a mixed-use building located in the Marion section of Journal Square,
Jersey City, NJ.
First floor: Commercial space occupied by the Jersey City Public Library. The library has been the
tenant for many years. Long-term lease in place with a 4% annual rent increase ending May 2028.
Tenant responsible for maintenance cost.
Second floor: Residential unit consisting of 2 bedrooms, 1 bathroom, and a large private deck.
Yearly lease.
Tenants pay all utilities except water.
Commercial space: 952 SF + large private garden of approximately 780 SF
Residential apartment: 1,385 SF total (including finished basement) + outdoor deck of
approximately 430 SF
Recent capital improvements:
•New multi-zone split HVAC system for commercial space (2019)
•New main copper water line with street shutoff valve (2021)
•New silicone roof (2022)
•Lead-safe certification passed (2024)
1017 West Side Avenue is a mixed-use building located in the Marion section of Journal Square,
Jersey City, NJ.
First floor: Commercial space occupied by the Jersey City Public Library. The library has been the
tenant for many years. Long-term lease in place with a 4% annual rent increase ending May 2028.
Tenant responsible for maintenance cost.
Second floor: Residential unit consisting of 2 bedrooms, 1 bathroom, and a large private deck.
Yearly lease.
Tenants pay all utilities except water.
Commercial space: 952 SF + large private garden of approximately 780 SF
Residential apartment: 1,385 SF total (including finished basement) + outdoor deck of
approximately 430 SF
Recent capital improvements:
•New multi-zone split HVAC system for commercial space (2019)
•New main copper water line with street shutoff valve (2021)
•New silicone roof (2022)
•Lead-safe certification passed (2024)
DATA ROOM Click Here to Access
- Offering Memorandum
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 06-10403-0000-00017 | Total Assessment | $440,500 (2025) |
| Land Assessment | $133,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $307,300 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06-10403-0000-00017
Land Assessment
$133,200 (2025)
Improvements Assessment
$307,300 (2025)
Total Assessment
$440,500 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1017 Westside Ave
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