Ironbound, NJ
Commercial Real Estate Market Trends & Data

$228 Avg asking sale price
$28 Avg asking lease rate
27,072 SF Avg unit lease size
68,360 SF Avg building size for sale
7.12% Average cap rate

Ironbound's Demographic Profile

Ironbound has 15,949 households and a median income of $47,491, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 46,410
# Households 15,949
Median age 38
Median household income $47,491
Avg household size 3.0
Renter-occupied housing units 13,398
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Ironbound, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Newark $181 21,963 SF 11.00%
Kearny $384 7,963 SF 9.26%
Jersey City $788 7,588 SF 5.34%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Ironbound $160 47,705 SF 6.67%
Newark $197 48,334 SF 7.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Ironbound $324 34,473 SF
Harrison $449 28,049 SF
Newark $289 15,394 SF
Kearny $350 23,397 SF
East Newark $477 2,351 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Ironbound $287 119,494 SF 7.50%
Newark $243 146,326 SF 7.50%
Kearny $273 21,155 SF 7.02%
Bayonne $275 25,314 SF 6.40%

Commercial Properties For Sale in Ironbound

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Government Backed Net Leased Multifamily

Newark, NJ 07102

  • 4,838 SF Multifamily
  • Auction Sale
For Sale

114 Orchard St

Newark, NJ 07102

  • 5,600 SF Retail Building
  • 8.56% Cap Rate
  • $865,000
For Sale

246 Mulberry St

Newark, NJ 07102

  • 2,000 SF Retail Building
  • 6.50% Cap Rate
  • $700,000
For Sale

300 1st St

Harrison, NJ 07029

  • 9,730 SF Industrial Building
  • $2,499,000
For Sale

Newark MLK Portfolio

Newark, NJ

  • $34,000,000
For Sale

369 E Kinney St

Newark, NJ 07105

  • 4,020 SF Multifamily
  • 6.27% Cap Rate
  • $1,410,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Ironbound pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Ironbound $228 68,360 SF
Harrison $337 57,257 SF
Newark $243 63,855 SF
Kearny $280 43,053 SF
East Newark $354 6,815 SF

Multifamily Properties For Sale in Ironbound

For Sale

Newark MLK Portfolio

Newark, NJ

  • $34,000,000
For Sale

565 Broad St

Newark, NJ 07102

  • 6,000 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Ironbound alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Ironbound or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Ironbound 46,410 15,949 38 $47,491 3 13,398 -4%
Harrison 18,749 8,061 35 $85,421 2 6,862 -4%
Newark 281,837 100,682 36 $40,924 3 83,328 -4%
Kearny 34,600 11,796 41 $75,722 3 7,077 -8%
East Newark 1,707 570 38 $60,562 3 438 -12%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Ironbound, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Ironbound

View All Commercial Real Estate For Sale in Ironbound
Is Ironbound a good market for a first-time commercial real estate investor?

Ironbound offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Ironbound?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Ironbound. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Ironbound?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Ironbound. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Ironbound compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Ironbound. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Ironbound acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Ironbound, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends