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201 Monticello Ave 16,600 SF 100% Leased Retail Building Jersey City, NJ 07304 $5,374,292 CAD ($323.75 CAD/SF) 5.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner, brick buildings
- Value-add
- Opportunity Zone
- Three buildings
- No rent contrrol
- Redevelopment Area
EXECUTIVE SUMMARY
Three-Building Portfolio — McGinley Square, Jersey City
Address: 197-203 Monticello Ave & 80 Jewett Ave, Jersey City, NJ
Neighborhood: McGinley Square
Proximity: Minutes to Journal Square PATH; across from new Montessori Education Center
Property Summary
Buildings: 3
Units: 11 Residential + 4 Commercial
Zoning: Jackson Hill – Neighborhood Mixed Use
Combined Lot Size: ±6,900 SF
Construction: Brick
Investment Highlights
Located in a Redevelopment Area – build up to 5 stories as-of-right, or 6 stories with variance (only 5% affordable housing requirement)
Within a Designated Opportunity Zone
No Rent Control
Surrounded by multiple approved development sites
Strong growth corridor near Journal Square and Monticello Ave retail
Addresses:
197-199 Monticello Ave
201-203 Monticello Ave
80 Jewett Ave
Address: 197-203 Monticello Ave & 80 Jewett Ave, Jersey City, NJ
Neighborhood: McGinley Square
Proximity: Minutes to Journal Square PATH; across from new Montessori Education Center
Property Summary
Buildings: 3
Units: 11 Residential + 4 Commercial
Zoning: Jackson Hill – Neighborhood Mixed Use
Combined Lot Size: ±6,900 SF
Construction: Brick
Investment Highlights
Located in a Redevelopment Area – build up to 5 stories as-of-right, or 6 stories with variance (only 5% affordable housing requirement)
Within a Designated Opportunity Zone
No Rent Control
Surrounded by multiple approved development sites
Strong growth corridor near Journal Square and Monticello Ave retail
Addresses:
197-199 Monticello Ave
201-203 Monticello Ave
80 Jewett Ave
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,600 SF
Building Class
C
Year Built/Renovated
1930/2025
Price
$5,374,292 CAD
Price Per SF
$323.75 CAD
Cap Rate
5.70%
NOI
$306,407 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
5.44
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
Jackson Hill - Jackson Hill Neighborhood Mixed Use
Located in a Redevelopment Area – build up to 5 stories as-of-right, or 6 stories with variance
Frontage
36’ on Monticello Ave
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Binta Forrest & Bloom (Veg bar)
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Jersey 809
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Scores Rentry
- Educational Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Binta Forrest & Bloom (Veg bar) | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Jersey 809 | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Scores Rentry | Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,119,604 CAD (2025) | |
| Land Assessment | $309,150 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,810,454 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$309,150 CAD (2025)
Improvements Assessment
$1,810,454 CAD (2025)
Total Assessment
$2,119,604 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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201 Monticello Ave
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