

Listed by Compass
$2,250,000
1074-1080 Summit Ave
Details
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 3,200
Units 6
Cap Rate 6.72%
NOI $151,260
Occupancy 100%
Brand/Tenant DHL
Pro-Forma Cap Rate 10.29%
Pro-Forma NOI $231,600
Broker Co-Op Yes
Year Renovated 2021-2025
Stories 3
Lot Size (SqFt) 3,200
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.50
Mixed Use | 6.72% CAP | 3,200 SqFt
Marketing description
Welcome to 1076 Summit Avenue, a unique
mixed-use investment property in the heart of Jersey
City Heights. Situated on a 3,200 SF lot, this eightunit building with ground-floor retail seamlessly blends
historic charm with extensive modern upgrades,
offering a turnkey opportunity for savvy investors.
The property stands out with a restored exterior that
highlights its original architectural character, featuring
new siding, a rebuilt cornice, a restored cast iron column
entryway, freshly repainted upper levels, refinished
stair railings and banisters, and a newly repaved
and striped 8-car parking lot. Secure fob entry with
video surveillance adds modern convenience. Major
structural and infrastructure improvements include
reframed and reinforced commercial-level framing,
new electrical service extended from the street,
updated gas and sewer lines, a new steel cellar door
and skylight, and 2024 NJ Green Card certification—
making this a stabilized, income-generating asset with
future value-add potential in a high-demand location.
Investment highlights
- Gut renovated
- New shopfront windows & doors
- ADA-compliant bathrooms
- High ceilings & open floor plans
- New HVAC systems
Listing Contacts


Listed by Compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,260.00
$12,605.00/mo
Valuation Metrics
0
DSCR
6.72%
Cap Rate
6.72%
ROI
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