Commercial space For Sale in Jersey City, NJ
MLS# : 250001303
PROPERTY DETAILS
PROPERTY DESCRIPTION
Packed with upside for the savvy buyer who can maximize its potential! Let’s start with location: this corner mixed use building is smartly located 6 six minutes from the West Side Light Rail station with direct connection to the PATH whisking you to NYC in approximately 40 mins. The residential units are approximately 1200 sq feet with each unit consisting of 2 beds and 1 bath. During renovations, maximize the space and add a bedroom and a bath to boost your rental income. Four garage spaces are a rare added bonus. Zoned NC-1 for those seeking to add potentially up to two additional stories. The building will be delivered vacant so work can begin on day one. CASH ONLY AS IS
Amenities
This listing is a courtesy of KELLER WILLIAMS CITY LIFE JC REALTY
201-433-1111 office, listing agent ALEXANDER K FEIERMAN
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): | $711,295 |
| Homes Sold* (12mo): | 213 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $657,792 |
| Apatments Sold* (12mo): | 1,062 |
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 : | $225,000 - 3,495,000 | 67 avail |
| Condos : | $149,900 - 4,148,000 | 367 avail |
| Co-ops : | $549,000 - 549,000 | 1 avail |
| Twnhs : | $424,999 - 1,749,000 | 12 avail |
| 2-4 Fam : | $403,900 - 2,750,000 | 93 avail |
| 5+ Fam : | $1,200,000 - 1,650,000 | 4 avail |
| Land : | $300,000 - 5,500,000 | 17 avail |
| Rentals : | $1,546 - 7,095 | 73 avail |
| Mixd Use : | $1,200,000 - 3,500,000 | 9 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $50,000 - 2,000,000 | 11 avail |
