Commercial space For Sale in Jersey City, NJ
MLS# : 240012176
PROPERTY DETAILS
PROPERTY DESCRIPTION
Century 21 Preferred Realty and its Listing Agent Luis A Negron Jr is pleased to present this exclusive opportunity to purchase a strategically located investment property at 1153-1155 Summit Avenue on the corner of Summit Avenue and Poplar Street in Jersey City NJ (The-Heights) 07307. The investment property is comprised of 2 buildings, The First property is a 3 story mixed used building consisting of 1 Commercial (Deli/Convenient Store) and 2 Residential Apartments (3BR & 2BR). The second property is a 2 story building with 2 Residential Apartments (3BR Each). The property is 100% occupied and centrally located in the heights. 1153-1155 Summit Avenue is 1 short block from JF Kennedy Blvd with bus lines that service both the NY Port Authority and the JSQ Path Station as well as a 15 minute walk to the Congress Street Light Rail Station and with its close proximity to Route 3, 139, Pulaski Skyway, NJ Turnpike, GW Bridge, Holland & Lincoln Tunnels makes this property any Investors Dream. The property can be subdivided converting this 4 Residential and 1 Commercial into two Separate properties 1153 Summit Avenue (3 Apartments & 1 Commercial) 1155 Summit Avenue (3 Apartments) for a total of 7 units. Once the property is developed the Projected Yearly Gross Income Is Approximately between $240,000.00 and $258,000.00. Seperate Utilites. Owners pay W/S only.
Amenities
This listing is a courtesy of CENTURY 21 PREFERRED REALTY INC
201-792-7601 office, listing agent LUIS NEGRON JR
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 267,345 |
| Total Housing Units: | 104,018 |
| Single Family Homes: | 36,684 |
| Apartments: | 67,334 |
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $676,026 |
| Homes Sold* (12mo): | 213 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $653,404 |
| Apatments Sold* (12mo): | 1,041 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $349,000 - 3,495,000 | 81 avail |
| Condos : | $155,000 - 6,995,000 | 443 avail |
| Co-ops : | $549,000 - 549,000 | 1 avail |
| Twnhs : | $424,999 - 1,995,000 | 14 avail |
| 2-4 Fam : | $425,000 - 3,495,000 | 133 avail |
| 5+ Fam : | $1,200,000 - 2,999,999 | 5 avail |
| Land : | $399,000 - 6,750,000 | 16 avail |
| Rentals : | $1,546 - 7,295 | 67 avail |
| Mixd Use : | $1,200,000 - 3,500,000 | 10 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $70,000 - 2,000,000 | 7 avail |
