Investment property. 100% leased.
1017 West Side Avenue is a mixed-use building located in the Marion section of Journal Square,
Jersey City, NJ.
First floor: Commercial space occupied by the Jersey City Public Library. The library has been the
tenant for many years. Long-term lease in place with a 4% annual rent increase ending May 2028.
Tenant responsible for maintenance cost.
Second floor: Residential unit consisting of 2 bedrooms, 1 bathroom, and a large private deck.
Yearly lease.
Tenants pay all utilities except water.
Commercial space: 952 SF + large private garden of approximately 780 SF
Residential apartment: 1,385 SF total (including finished basement) + outdoor deck of
approximately 430 SF
Recent capital improvements:
•New multi-zone split HVAC system for commercial space (2019)
•New main copper water line with street shutoff valve (2021)
•New silicone roof (2022)
•Lead-safe certification passed (2024)