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207 Mallory Ave 3,000 SF 100% Leased Retail Building Jersey City, NJ 07304 $1,950,000 ($650/SF) 6.44% Cap Rate
Investment Highlights
- Strong residential and retail tenants with no rent control in place, supporting stable long-term cash flow.
- Professionally managed operations and low annual taxes
- Renovated residential units positioned above active ground-floor storefronts that appeal to a growing local customer base.
- The surrounding West Bergen area is experiencing continued growth driven by university expansion and significant nearby development activity.
Executive Summary
207–209 Mallory Avenue is a turn-key, income-generating investment package comprising three contiguous mixed-use properties in Jersey City’s West Bergen section. Offered as a single portfolio, the buildings cannot be sold separately. The properties generate $150,000 in current gross income and feature strong in-place tenants, professional management, low property taxes, and no rent control, providing immediate cash flow with clear upside through below-market rents.
Highlights
• Three contiguous mixed-use buildings
• Offered as a single portfolio (not available individually)
• Current gross income: $150,000
• Upside through below-market rents
• No rent control
• Professionally managed, turn-key operation
• Low property taxes
Highlights
• Three contiguous mixed-use buildings
• Offered as a single portfolio (not available individually)
• Current gross income: $150,000
• Upside through below-market rents
• No rent control
• Professionally managed, turn-key operation
• Low property taxes
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1900
Price
$1,950,000
Price Per SF
$650
Cap Rate
6.44%
NOI
$125,580
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.72
Lot Size
0.04 AC
Frontage
20’ on Mallory Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Helen Nails & Spa
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Helen Nails & Spa | Services | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-18103-0000-00044 | Improvements Assessment | $489,800 |
| Land Assessment | $60,200 | Total Assessment | $550,000 |
Property Taxes
Parcel Number
06-18103-0000-00044
Land Assessment
$60,200
Improvements Assessment
$489,800
Total Assessment
$550,000
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207 Mallory Ave
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