Commercial space For Sale in Jersey City, NJ
MLS# : 250004630
Street : 94-100 OCEAN AVE
Price : $2,000,000
Town : Jersey City, NJ 07305
Annual Taxes : $35,000
PROPERTY DETAILS
PROPERTY DESCRIPTION
~260k Gross rent. Rare opportunity to acquire a portfolio of income properties in the heart of Greenville, Jersey City. 13 units total, 9 residential & 4 commercial, making this a great opportunity for buy and hold investors to step into ~$260k of cash flow. For Developers, the opportunities are endless with Jersey City's South Ocean Ave redevelopment plan welcoming enhancements and improvements to properties. Well maintained by the same owners for over 25 years. The properties included in this package are as follows: 94-100 Ocean Ave -- 4 commercial units + 9 apartments.
Amenities
This listing is a courtesy of TWILL REALTY LLC
201-798-1005 office, listing agent JOSEPH PRONTI
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.
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
SINGLE FAMILY HOME SALES
Jersey City, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
PRICE INDEX
| Average Price* (12mo): | $661,544 |
| Apatments Sold* (12mo): | 1,076 |
PRICE INDEX
APARTMENT SALES
Jersey City, NJ
APARTMENT SALES
Jersey City, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
GENRAL TAX RATE - Jersey City, NJ
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MADISON ADAMSTM
office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $375,000 - 2,895,000 | 62 |
| Condos : | $155,000 - 4,148,000 | 392 |
| Co-ops : | $529,000 - 529,000 | 1 |
| Twnhs : | $424,999 - 1,749,000 | 10 |
| 2-4 Fam : | $365,900 - 2,750,000 | 123 |
| 5+ Fam : | $1,200,000 - 1,650,000 | 4 |
| Land : | $299,000 - 5,500,000 | 14 |
| Rentals : | $1,546 - 7,095 | 74 |
| Mixd Use : | $1,200,000 - 3,500,000 | 9 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 425,000 | 7 |
