SoldApr 16, 2026

Listed and Bought with FREDERIC GABRIEL

Source: Hudson County Multiple Listing Service #260000332

1017 West Side Avenue, Jersey City, NJ, 07306

$850,000

2
1

Duplex

22 days on the market

Sold: Apr 16, 2026

What's around 1017 West Side Avenue

About this property

Investment property. 100% leased/occupied. 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) Net Operating Income: $60,689 Cap Rate: 6.78% Before showings, proof of funds/letter of intent needed. Allow at least 48h prior any showings.

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