Commercial space For Sale in Jersey City, NJ
MLS# : 240020316
PROPERTY DETAILS
PROPERTY DESCRIPTION
OPEN HOUSE THIS SATURDAY NOVEMBER 2, 2024 FROM 12-3PM!! RARE Opportunity! Your Next Investment Awaits! Calling all Restauranteurs/Retailers! Located in the coveted Journal Square Section of Jersey City, this mixed use building has tons of Value Add potential. Operate a restaurant or store on the first floor and have the income from the apartments above to offset your expenses! The Commercial space on the 1st floor boasts 2 Commercial spaces comprised of approximately 1600 usable SqFt! There are 4 additional 1BR apartments on the 2nd and 3rd floor. All units have separate utilities! The water is completely separate as well delivered to each unit with its own meter! The 2 second floor apartments are vacant but the 2 third floor apartments are occupied on a month to month lease. Schedule your showing today and bring your vision to life! Walking distance to Journal Square and the subways to New York. One block to a bus downtown train service to low Manhattan.
Amenities
This listing is a courtesy of A.J.C. REALTY EXCHANGE, LLC
201-324-1000 office, listing agent ALBERT CUPO
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% |
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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 |
