Commercial space For Sale in Jersey City, NJ
MLS# : 250004023
PROPERTY DETAILS
PROPERTY DESCRIPTION
Fantastic opportunity to acquire a prime investment property in the heart of Downtown Jersey City. This eight-unit building sits on a 25 x 90 lot and offers a mix of four studios, two 2-bedroom units, and two 3-bedroom units. The property will be delivered fully occupied with most of the tenants on month-to-month leases, allowing the new owner to immediately adjust rents in accordance with Jersey City guidelines. Ideally located just a few blocks from the Grove Street PATH Station, offering a quick and convenient commute to the World Trade Center and Midtown Manhattan. Building being sold in as-is condition.
Amenities
This listing is a courtesy of BROWN HARRIS STEVENS NEW JERSEY
201-478-6700 office, listing agent WESTLEY L PAGE
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): | $720,864 |
| Homes Sold* (12mo): | 225 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $661,544 |
| Apatments Sold* (12mo): | 1,076 |
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 - 2,895,000 | 64 |
| Condos : | $155,000 - 4,148,000 | 371 |
| Co-ops : | $529,000 - 529,000 | 1 |
| Twnhs : | $424,999 - 1,749,000 | 9 |
| 2-4 Fam : | $384,900 - 2,750,000 | 114 |
| 5+ Fam : | $1,200,000 - 1,650,000 | 4 |
| Land : | $299,000 - 5,500,000 | 13 |
| Rentals : | $1,546 - 7,095 | 75 |
| Mixd Use : | $1,200,000 - 3,500,000 | 9 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 425,000 | 7 |
