MLS# : 240007588
Attention developers and builders! Don't miss out on this exceptional opportunity to invest in Jersey City. We're offering a prime development project consisting of two lots, one with an existing structure, approved for the construction of 10 units with parking. This project promises a lucrative rental return upon completion, making it an enticing prospect for developers. With 10 units, a parking garage, and an elevator, this building offers convenience and luxury to future tenants. Each apartment will feature sought-after amenities, including a washer and dryer, central air heat, and custom cabinetry and countertops. Additionally, residents will enjoy the added bonus of a rooftop deck with stunning views. Situated in highly accessible locations near transportation hubs, including light rail stations and major bus routes, this project offers convenience for future residents. Additionally, its proximity to Route 440, a major highway artery connecting Bayonne to Fort Lee, provides easy access to a wide range of amenities and destinations. This is the perfect investment opportunity for developers seeking cash flow and looking to enter the vibrant Jersey City with market rental returns.
This listing is a courtesy of CENTURY 21 PREFERRED REALTY INC
201-792-7601 office, listing agent DIANE RIVERA
Population: | 267,345 |
Total Housing Units: | 104,018 |
Single Family Homes: | 36,684 |
Apartments: | 67,334 |
General Tax Rate (2021): | 1.603% |
Effective Tax Rate (2021): | 1.402% |
Compare To Other Towns |
Average Price* (12mo): | $627,653 |
Apatments Sold* (12mo): | 962 |
Homes : | $349,000 - 3,995,000 | 64 avail |
Condos : | $220,000 - 4,148,000 | 389 avail |
Co-ops : | $485,000 - 545,000 | 3 avail |
Twnhs : | $399,000 - 1,699,000 | 15 avail |
2-4 Fam : | $380,000 - 3,995,000 | 121 avail |
5+ Fam : | $1,100,000 - 2,999,999 | 5 avail |
Land : | $200,000 - 6,000,000 | 16 avail |
Rentals : | $1,550 - 5,900 | 44 avail |
Mixd Use : | $1,100,000 - 3,500,000 | 8 avail |
Com S : | - | |
Com L : | - | |
Biz : | $65,000 - 1,250,000 | 10 avail |
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All information deemed reliable but not guaranteed. Last date updated: 05/08/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
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General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
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