Listed by Marcus & Millichap - New Jersey
$3,800,000
Van Leeuwen Anchored Mixed-Use
Details
APN 06-11404-0000-00011
Property Type Retail, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 5,894
Units 6
Cap Rate 6.26%
NOI $237,884
Occupancy 100%
Tenancy Multi
Year Built 1950
Stories 4
Acreage 0.050
Zoning NC-1
Ground Lease No
About This Property
Marketing description
Marcus & Millichap is pleased to exclusively present 347 Grove Street, Jersey City, Hudson County, New Jersey.
Investment highlights
- High Barrier To Entry, 100% Occupied +/- 5,894 SF Mixed-Use Building On Grove St In Downtown Jersey City, Hudson County, New Jersey
- Property Consists Of 6 Units: 5 Residential Apartments And 1 Retail Unit
- Residential Apartments Consist Of (1) 2Bed/2Bath Unit and (4) 1Bed/1Bath Units
- Retail Unit Occupied By Van Leeuwen – 100+ Locations Across 15 States - Recently Signed A New 10 Year Lease With 2-5 Year Options
- All Brick Building With Separate Utilities
- Minimal Maintenance Required Due To Recent Major Cap Ex Renovations
- 3 Of 5 Residential Units Were Recently Gut Renovated
- A+ Location Downtown Jersey City - Steps From Newark Avenue Pedestrian Plaza Featuring Dining, Shopping and Community Events.
- One Block From The Grove Street Path Station With Direct Access Into Manhattan
- Nearby National Tenants Include: Whole Foods, Target, Starbucks, CityMD, McDonald's, Bank of America, Dunkin' And Home Depot
- Superior Demographics: Over 87,000 People With An Average Household Income Over $181,000 Within 1-Mile Of The Subject Property
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,884.00
$19,823.67/mo
Valuation Metrics
0
DSCR
6.26%
Cap Rate
6.26%
ROI
Map
Zoning
NC-1 CommercialNeighborhood CommercialNeighborhood Commercial 1
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View all 21 uses
View all 21 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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