Commercial space For Sale in Jersey City, NJ
 

MLS# : 250001639

Street : 430 OCEAN AVE
Price : $1,295,000
Town : Jersey City, NJ 07305
Annual Taxes : $8,520

PROPERTY DETAILS

PROPERTY DESCRIPTION

We are thrilled to present an outstanding investment opportunity located in a rapidly developing neighborhood brimming with strong job growth, newly created parks, convenient transit options, and dynamic development. This prime property is strategically situated near the ongoing expansion of the Liberty Science Center, the flourishing SciTech City, the lively Canal Crossing, and the esteemed CineLease, a cutting-edge studio designed to inspire filmmakers' creativity. This property comprises 4 units, with 3 of them fully renovated to offer an open floor plan, complete with fully equipped kitchens featuring stainless steel appliances, in-unit washer and dryer facilities. Among the renovated units, one features an ensuite bathroom and rear backyard access. Each updated unit is equipped with central heating, ventilation, and air conditioning (HVAC) systems, as well as gleaming hardwood floors throughout. Additionally, there is one unit located on the first floor that has not undergone renovation, providing the unique opportunity to be converted into a Retail Space. This unit also offers the potential for additional lower-level space, given that the property is situated in a commercial zone area. Once all the exciting developments are implemented—encompassing SciTech, two high schools, elements of CineLease innovation, and Canal Crossing—we can anticipate an influx of approximately 10,000 new individuals in the neighborhood. These newcomers will not merely consist of typical daily commuters; rather, we will welcome residents, students, film industry professionals, educators, and a diverse array of community members. The Light-Rail offers a convenient transit option, providing quick access to various job opportunities and the nearest hospital. Furthermore, the neighborhood is experiencing revitalization, with newly constructed parks and playgrounds, enhancing its appeal as a vibrant living environment for prospective tenants. This exceptional property represents a remarkable investment opportunity, particularly due to its market-rate rentals, and ensures a consistent revenue stream. Furthermore, it attracts tenants eager to enjoy the vibrant atmosphere of emerging neighborhoods, willing to pay premium rents for high-quality accommodations. Additionally, the property benefits from a long-term tenant who has resided there for 15 years, along with secured Workforce housing under a favorable five-year lease. Do not miss this outstanding chance to invest in a prime location within a thriving community—its steady income and growth potential are evident. Don't miss out on this investment opportunity, contact today and schedule your tour!

Amenities

This listing is a courtesy of CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP
201-962-9551 office, listing agent FRANCESCO MAZZAFERRO

About Jersey City, NJ Real Estate Market

With an area of 21.13 square miles and a population of more than 290,000, Jersey City is one of the largest cities in the USA and the second-most populous city in New Jersey after Newark. A part of Hudson County from New Jersey and the New York metropolitan area, Jersey City is present on the west of Hackensack River, on a peninsula known as Bergen Neck.

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):  $720,864
Homes Sold* (12mo):  225
PRICE INDEX
SINGLE FAMILY HOME SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $661,544
Apatments Sold* (12mo):  1,076
PRICE INDEX
APARTMENT SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.246%
Effective Tax Rate (2023):  1.944%
GENRAL TAX RATE - Jersey City, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-982-0358 (cell)

Madisom Adams Sales Associate Yuriy Zatuchny


Sales Associate
610-844-6866 (cell)

Madisom Adams Sales Associate Maria Cisneros Martinez


Sales Associate
917-863-6560 (cell)

Madisom Adams Sales Associate Cindy Chiashin Shih


Real estate inventory
Jersey City
Homes : $375,000 - 2,895,000 61
Condos : $155,000 - 4,148,000 363
Co-ops : $549,000 - 549,000 1
Twnhs : $424,999 - 1,749,000 12
2-4 Fam : $384,900 - 2,750,000 112
5+ Fam : $1,200,000 - 1,650,000 4
Land : $299,000 - 5,500,000 14
Rentals : $1,546 - 7,095 73
Mixd Use : $1,200,000 - 3,500,000 9
Com S : -
Com L : -
Biz : $60,000 - 2,000,000 7


Similar Listings in Jersey City

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 02/27/2025 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2025 New Jersey Multiple Listing Service, Inc. All rights reserved.”


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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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com