Commercial space For Sale in Jersey City, NJ
MLS# : 240023438
PROPERTY DETAILS
PROPERTY DESCRIPTION
Freshly gut-renovated 5-family property just 1/4 mile from the West Side Light Rail Station in Jersey City! Situated in an area poised for significant growth and development, this neighborhood is the next up-and-coming hotspot. With a Walk Score over 90, residents enjoy unbeatable convenience to shops, dining, recreation, parks, and places of worship along West Side Avenue. All utilities, including cold water, are separately metered. Current registered rents are well above collected rents, offering investors the opportunity to align rents with market rates without additional capital investment.
Amenities
This listing is a courtesy of MICHAEL CERVELLI REAL ESTATE LLC
201-868-6300 office, listing agent GARY BAEZ
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 : | $269,000 - 2,895,000 | 78 avail |
| Condos : | $155,000 - 4,148,000 | 397 avail |
| Co-ops : | $549,000 - 549,000 | 1 avail |
| Twnhs : | $424,999 - 1,749,000 | 9 avail |
| 2-4 Fam : | $199,900 - 2,750,000 | 115 avail |
| 5+ Fam : | $1,200,000 - 2,999,999 | 4 avail |
| Land : | $399,000 - 5,500,000 | 16 avail |
| Rentals : | $1,546 - 7,295 | 78 avail |
| Mixd Use : | $1,200,000 - 3,500,000 | 9 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $70,000 - 2,000,000 | 8 avail |
