Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6 Beds
1 Bath
4,400 sqft

$9,000,000

722 W Side Avenue, Jersey City NJ, 07306

Price per sqft$2,045.45
Property size4,400 sqft
Property typeMulti-family

Overview

Sold

Closed

Listed Jun 3, 2026

Updated 6 days ago

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.

Additional information

MLS® ID
22616449

Interior Features

Bedrooms
6
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$13,356
Tax Frequency
Annually

Also listed on HCMLS

Courtesy of RE/MAX Central with George Pavlushkin,
Listing Contact: 732-972-1000 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor George Pavlushkin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings displayed pursuant to IDX shall show the MLS as the source of the information.

©2026 Monmouth Ocean Regional REALTORS. All rights reserved.

Data last updated 4:17 AM UTC, 10/3/2026

Powered by Luxury Presence