722 Side Avenue, Jersey City, NJ 07306
Local realty services provided by:CENTURY 21 JRS Realty
722 Side Avenue,Jersey City, NJ 07306
$900,000
- 6 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: george pavlushkin
Office: re/max central
MLS#:22616449
Source:NJ_MOMLS
Sorry, we are unable to map this address
Price summary
- Price:$900,000
About this home
Mixed-Use Investment Opportunity - Fully Occupied Pizzeria Building with Significant Upside
Excellent opportunity to acquire a well-maintained mixed-use building featuring one established retail space and two large residential apartments in a strong rental market. The ground-floor retail unit is occupied by a successful pizzeria generating $3,600 per month with 3% annual rent increases, while contributing 70% of the building's water expense, providing stable and growing income. The residential portion consists of two spacious 3-bedroom, 1-bath apartments. One unit has been recently renovated and is currently vacant, offering immediate leasing potential with projected rent of $2,500+ per month. The second apartment is currently rented at $1,584 per month with an estimated market rent of approximately $2,700 per month, creating substantial value-add potential for investors.
The property has seen numerous improvements, including upgraded electrical service, a renovated bathroom, and updated residential finishes. The building is connected to a central fire and safety monitoring system and features three separate utility meters. Heat is currently paid by the landlord.
With strong in-place income, an established commercial tenant, and significant rental upside in the residential units, this property offers investors the opportunity to increase cash flow and maximize returns over time.
Property Highlights
Mixed-use building with 1 commercial unit and 2 residential units
Established pizzeria tenant paying $3,600/month
3% annual commercial rent escalations
Commercial tenant pays 70% of water expense
Two spacious 3-bedroom, 1-bath apartments
One renovated vacant unit ready for lease
Significant rental upside in residential units
Upgraded electrical service
Renovated bathroom and updated residential finishes
Central fire and safety monitoring system
Three separate utility meters
Strong value-add investment opportunity
Actual income is $91,000 per year with value add to $103,000+
A rare chance to own a cash-flowing mixed-use asset with a stable commercial tenant, renovated residential units, and substantial upside potential for increased income and long-term appreciation....
Contact an agent
Home facts
- Subdivision & Development:None
- Listing ID #:22616449
- Added:152 day(s) ago
- Updated:November 03, 2026 at 07:22 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:1
- Full bathrooms:1
- Basement:Yes
- Basement Description:Full
Heating and cooling
- Cooling:Multi Units
- Heating:Baseboard
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$900,000
- Tax amount:$13,356 (2025)
New listings near 722 Side Avenue
- New
$225,000Active1 beds 1 baths194 Kensington Ave #103, Jersey City, NJ 07306
MLS# 4062497Listed by: BELLA VISTA REAL ESTATE LLC - New
$699,000Active3 beds 3 baths1,248 sq. ft.20 WESTERVELT PL #2F, JC, Bergen-Lafayett, NJ 07304
MLS# 260022002Listed by: DOUGLAS ELLIMAN OF NJ LLC - New
$2,250Active2 beds 1 baths43-49 VAN WAGENEN AVE #3FF, JC, Journal Square, NJ 07306
MLS# 260022000Listed by: HOME STAR REALTY INC. - New
$320,000Active2 beds 1 baths877 sq. ft.35 LONG ST, JC, Greenville, NJ 07305
MLS# 260022001Listed by: EXIT REALTY URBAN LIVING - New
$520,000Active2 beds 1 baths1,308 sq. ft.357 VARICK ST #128B, JC, Downtown, NJ 07302
MLS# 260021991Listed by: KELLER WILLIAMS PARK VIEWS - New
$425,000Active3 beds 2 baths1,250 sq. ft.161 WOODLAWN AVE #1, JC, Greenville, NJ 07305
MLS# 260021993Listed by: KELLER WILLIAMS PARK VIEWS - New
$899,900Active4 beds 3 baths1,600 sq. ft.91 HANCOCK AVE #A, JC, Heights, NJ 07307
MLS# 260021995Listed by: KELLER WILLIAMS CITY LIFE REALTY - New
$749,000Active5 beds 3 baths55 1/2 GARDNER AVE, JC, Journal Square, NJ 07304
MLS# 260021986Listed by: SERHANT NEW JERSEY LLC - Open Sat, 1 to 3pmNew
$450,000Active3 beds 2 baths2,000 sq. ft.85 PEARSALL AVE, JC, Greenville, NJ 07304
MLS# 260021955Listed by: PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY - New
$399,999Active1 beds 1 baths1,000 sq. ft.689 LUIS M MARIN BLVD #107a, JC, Downtown, NJ 07310
MLS# 260021960Listed by: COMPASS NEW JERSEY, LLC