Commercial space For Sale in Jersey City, NJ
MLS# : 250002724
PROPERTY DETAILS
PROPERTY DESCRIPTION
Don't miss out on this exceptional investment opportunity! This well-maintained 5-family apartment building has been carefully managed by the same family since 1982. The property features four 1-bedroom units (currently being used as 2-bedroom units) with 1 bath each, plus a spacious 3-bedroom, 1-bath unit on the first floor. Situated on a 25 x 101 lot, it also boasts a large backyard. The roof is new and the boiler is certified. Ideally located near the vibrant shopping and dining scene of the Central Ave. Business District, you'll have access to a variety of restaurants and shops, as well as nearby schools, hospitals, parks, public transportation, and more. With its prime location, this property is poised to attract high-quality tenants, making it a fantastic opportunity to kickstart or grow your investment portfolio!
Amenities
This listing is a courtesy of FOOTPRINTS REALTY
201-984-2443 office, listing agent CARMIN DUARTE
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 : | $375,000 - 3,000,000 | 60 avail |
| Condos : | $155,000 - 4,148,000 | 361 avail |
| Co-ops : | $549,000 - 549,000 | 1 avail |
| Twnhs : | $399,900 - 1,749,000 | 12 avail |
| 2-4 Fam : | $384,900 - 2,750,000 | 97 avail |
| 5+ Fam : | $1,200,000 - 1,650,000 | 4 avail |
| Land : | $501,000 - 5,500,000 | 12 avail |
| Rentals : | $1,546 - 7,095 | 69 avail |
| Mixd Use : | $1,200,000 - 3,500,000 | 9 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 8 avail |
