527 Mercer St
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527 Mercer St
6,300 SF 100% Leased Retail Building Jersey City, NJ 07306 $1,750,000 ($278/SF)
Investment Highlights
- Commercial Space with Endless Potential – Operate a restaurant or retail store in the expansive 1,900 sq ft first-floor commercial area.
- Vacancy Opportunity – The two vacant 2nd-floor apartments offer immediate rental or renovation potential to add value.
- Close to Public Transit – Walking distance to the PATH and subway lines to NYC, with bus service one block away to downtown Manhattan.
- Income-Generating Apartments – Four 1-bedroom units on the 2nd and 3rd floors provide steady rental income, with two currently occupied on month-to-mo
- Separate Utilities for All Units – Each apartment and the commercial space have separate utilities, maximizing control and cost efficiency for tenants
Executive Summary
OPEN HOUSE THIS SATURDAY NOVEMBER 2, 2024 FROM 12-3PM! RARE Opportunity! Your Next Investment Awaits! Calling all Restauranteurs/Retailers! Located in the coveted Journal Square Section of Jersey City, this mixed-use building has tons of Value Add potential. Operate a restaurant or store on the first floor and have the income from the apartments above to offset your expenses! The Commercial space on the 1st floor is comprised of 2 Commercial spaces with 1600 Total Usable SqFt! There are 4 additional 1BR apartments on the 2nd and 3rd floors. All units are separate utilities! The 2 second floor apartments are vacant but the 2 third floor apartments are occupied on a month-to-month lease. Utilities are completely separate! The water is delivered to each unit SEPARATELY with its own designated meter. Schedule your showing today and bring your vision to life! Walking distance to Journal Square and the subways to New York. One block to a bus downtown train service to low Manhattan.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,300 SF
Building Class
C
Year Built
1906
Price
$1,750,000
Price Per SF
$278
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.89
Lot Size
0.05 AC
Zoning
C - Commercial
Frontage
34 FT on Mercer St
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-13503-0000-00001 | Total Assessment | $1,651,000 |
| Land Assessment | $155,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,495,400 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06-13503-0000-00001
Land Assessment
$155,600
Improvements Assessment
$1,495,400
Total Assessment
$1,651,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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AJC Realty Exchange
527 Mercer St
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